Wholesale Prices in U.S. Climb by Most in More Than a Year

Prices paid to American factories and service producers rose in April by the most in more than a year, indicating a diminishing risk of deflation as demand improves.

The 0.6 percent increase in the producer price index was the biggest since September 2012 and exceeded all estimates in a Bloomberg survey of economists, figures from the Labor Department showed today. Over the past 12 months, costs climbed 2.1 percent. Food prices surged by the most in three years.