US producer prices jump; hint of rising inflation
Source: AP-Excite
WASHINGTON (AP) — The prices that U.S. companies receive for their goods and services rose by the most in seven months in April, a sign that inflation may be picking up from very low levels.
The producer price index rose a seasonally adjusted 0.6 percent from March to April, the Labor Department said Wednesday, after a 0.5 percent increase from February to March. April's increases were led by higher food prices and greater retailer and wholesaler profit margins.
Over the past 12 months, producer prices have risen 2.1 percent, the biggest 12-month gain in more than two years. That figure is roughly in line with the Federal Reserve's 2 percent inflation target. The producer price index measures price changes before they reach consumers.
Excluding the volatile categories of food, energy and retailer and wholesaler margins, however, the month-to-month increase in April was smaller: Core prices rose 0.3 percent from March.
FULL story at link.
Read more: http://apnews.excite.com/article/20140514/producer_prices-af4456e574.html
In this April 15, 2014 photo, Anthony Zingale wires blender motors at the Vitamix manufacturing facility in Strongsville, Ohio. The Labor Department releases the Producer Price Index for April on Wednesday, May 14, 2014. (AP Photo/Mark Duncan)
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Just a little *hint*, that is all.
Look the other way and ignore those prices at the grocery store and elsewhere. Ignore that salad bar at that used to cost $2.99/lb. not that long ago and is now at ... $8.99/lb.
Ignorance is bliss ... or is it? 
& recommend.