Financial Times FT.com

US producer prices add to inflation fears

By Chris Bryant in Washington

Published: May 20 2008 14:45 | Last updated: May 20 2008 19:23

Core prices at the factory gate jumped at twice the expected rate in April as businesses continued to absorb rising costs linked to more expensive imports and commodities.

Core wholesale prices, which exclude food and energy, rose by 0.4 per cent last month, double the rate recorded in March, reflecting a jump in car and furniture costs at the producer level.

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