😧😧？Data released today by the US Bureau of Labor Statistics showed the overall producer price index rose 6.2 per cent in April from a year earlier, the biggest increase since the bureau began tracking the data in 2010. Markets had expected a 5.8 per cent rise. Core producer prices, which strip out volatile food and energy, rose 0.7 per cent from a year earlier. Stripping out trade, core-core PPI rose 4.6 per cent year on year, also the highest on record and above forecasts of 3.8 per cent.
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