U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild. The Labor Department reported Thursday that its producer price index, which measures inflation before it hits consumers,

U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild.

The Producer Price Index (PPI), a critical measure of the change in the price of goods sold by manufacturers, reported a slight uptick in the latest economic data. The PPI is considered a leading indicator of consumer price inflation, which accounts for the majority of overall inflation.