ECONODAY: Despite the rise underway in oil prices, inflation remains dormant. Producer prices for total final demand fell 0.4 percent in April which is far below the Econoday low estimate for minus 0.1 percent. Excluding food & energy, producer prices fell 0.2 percent which is below the low estimate for no change. Excluding food, energy & trade services, producer prices inched 0.1 percent higher which is at the low estimate. The overall year-on-year reading is at a record low of minus 1.3 percent...
