US producer prices rose far more than expected in April in another sign of sticky inflation

From ca.finance.yahoo.com

US producer prices rose far more than expected in April, according to data released Wednesday by the Bureau of Labor Statistics. Prices rose 1.4% in April over the previous month, far above March’s revised gain of 0.7% and economists' expectations for an increase of 0.5% on the month. Excluding the more volatile food and energy costs, producer prices advanced by 1% over the previous month, more than double the 0.3% growth economists had predicted and well above the previous month's revised gain of 0.2%. On an annual basis, headline prices rose by 6% in April, above estimates of 4.8% and the previous month's 4.3% ... (full story)