Wall Street Journal (05/14/15) Jeffrey Sparshott; Kate Davidson
The producer-price index declined a seasonally adjusted 0.4% in April from March, according to the U.S. Department of Labor, a sign of continuing low inflation. Core prices, which exclude energy and food, declined 0.2%. When excluding food, energy, and trade services, the index increased 0.1%. Economists polled by the Wall Street Journal had forecast that both overall and core prices would rise 0.1%.
Overall producer prices are down 1.3% from a year ago, and core prices are up 0.8%. The decline in the PPI over the last year largely is due to the falling cost of crude oil.
Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.