[welding student]Photo Dudes/Flickr Producer prices disappointed. The latest producer price index (PPI) rose 0.2% in April compared to the prior month, and 0.0% compared to the prior year. Meanwhile, core PPI rose 0.1% in April compared to the prior month, and by 0.9% compared to the prior year. Economists were expecting that prices rose 0.3% in April compared to the prior month, and rose by 0.2% compared to the prior year. Core PPI were expected to rise 0.1% in April compared to the previous month, and by 1.0% compared to the previous year. Last month producer prices unexpectedly fell by 0.1% compared to the previous month, and by 0.1% compared to the previous year. NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy
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