PPI rises 0.7% on energy, but the core is flat

11:41 am ET May 11, 2007

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PPI rises 0.7% on energy, but the core is flat

WASHINGTON
Higher energy prices pushed up wholesale prices by 0.7% in April, but
core inflation was tame again, the Labor Department reported Friday.

Market Snapshot: U.S. stocks rise on upbeat inflation data

NEW YORK
U.S. stocks rose on Friday, after upbeat news on wholesale inflation and
weak retail sales boosted hopes that the Federal Reserve will eventually
cut interest rates to boost a slowing economy.

Economic Report: U.S. retail sales drop 0.2% in April, confounding
forecasts

WASHINGTON
U.S. retail sales fell a weaker-than-expected 0.2% in April, the
Commerce Department estimated Friday.