Mixed Wholesale Inflation, PPI Up 0.2%

The Labor Department reported that the Producer Price Index rose 0.2% in April, below the forecast of 0.4%. The core rate, which excludes food and energy, increased 0.4% and topped the forecast of a 0.2% rise. Year-over-year, wholesale inflation increased 6.5%, down from 6.9% in March. The core rate accelerated from 2.7% to 3.0%. More from Bloomberg...