US producer prices up 11 pc in year to April, adds to inflation woes

Washington [US], May 12 (ANI/Sputnik): US producer prices, a measure of what retailers pay for goods at the wholesale level, rose 11 per cent in the year to April, the Labor Department said on Thursday in the latest data that showed little let-up in inflation pressure.

"On an unadjusted basis, final demand prices moved up 11 per cent for the 12 months ended in April," the Bureau of Labor Statistics, a unit within the Labo