US wholesale price data for April point to easing inflation pressures
WASHINGTON (AP) — Wholesale prices in the United States rose modestly last month, the latest sign that inflationary pressures may be easing more than a year after the Federal Reserve unleashed an aggressive campaign of steadily higher interest rates. From March to April, the government’s producer price index rose just 0.2% after falling 0.4% from February to March, held down by falling prices for food, transportation and warehousing. Compared with […]