US Wholesale Price Data for April Points to Easing Inflation Pressures

US Wholesale Price Data for April Points to Easing Inflation Pressures
Stacey Richard checks sides of beef hanging in the refrigerated butchering section at the Wright's Meat Packing facility in Fombell, Pa., on June 16, 2022. Keith Srakocic/AP Photo
The Associated Press
Updated:

WASHINGTON—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 percent after falling 0.4 percent from February to March, held down by falling prices for food, transportation, and warehousing.