The producer Price Index (PPI) for final demand in the United States increased 0.6% in April compared to the previous month, according to a report by the US Bureau of Labor Statistics on Thursday. The index moved up 6.2% for the 12 months ended in April, the largest advance since 12-month data were first calculated in November 2010, the release stated. The prices for final demand services and goods both rose by 0.6%. The index for final demand less foods, energy, and trade services was up by 0.7% in April month-on-month, while it recorded the highest 12-month increase since 12-month data was first calculated in August 2014. Nick Note: Remember these comparisons are chain weighted. The data base has never recorded a snap reversal from what in essence was a depression…… This is reflation as buyers are snapping up limited inventories. Remember the producers were also shut down. Everyone is gearing up and supplies will swell bringing prics right down again…. This phenomenon is a reflation..