United States producer prices soared 11 percent in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead.The Department of Labor said Thursday that its producer price index — which measures inflation before it reaches consumers — climbed 0.5 percent in April from March. That is a slowdown from the previous month, however, when it jumped 1.6 percent.The report included some signs that price increases are moderating, but at a painfully high level. The year-over-year increase in April fell from the 11.5 percent annual gain in March, the first decline in the yearly data since December 2020. And the monthly gain of 0.5 percent was the smallest in seven months.
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