U.S. Producer Prices Fall From Year Ago by Most Since 2015

Prices paid to U.S. producers declined in April from a year earlier by the most since 2015, reflecting falling energy costs and signaling waning inflation pressures as the coronavirus curtailed demand.

The producer-price index dropped 1.2% after a 0.7% increase in the year through March, Labor Department figures showed Wednesday. Compared with the prior month, the PPI decreased 1.3% in April, the most in data back to 2009.