Another key inflation measure slowed in April
CNN
Economists and investors are hopeful that we're past the pandemic inflation peak, as another key price index showed a slower increase in April.
The Producer Price Index, which measures wholesale inflation before goods and services reach consumers, rose 11% over the 12 months ending in April, not adjusted for seasonal swings, the Bureau of Labor Statistics reported Thursday.
That was a slowdown from 11.2% recorded in the year ended in March, which had been the biggest jump in prices since the data series began in November 2010.
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