The Labor Department has released the April Producer Price Index, otherwise known as the wholesale inflation number.  The nominal PPI came in at +0.3% and the the core PPI on an ex-food and ex-energy basis came in at +0.1%.  Bloomberg had consensus estimates from economists pegged at +0.1% on both the nominal PPI and on the ex-food and energy PPI.

This is a tad higher on the nominal basis rather than a core basis, but the core rate is in-line.  There was also no revision to the March rate of -1.2%.

JON C. OGG