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Asia PacificDollar flat after more evidence of rising inflation Karen BrettellKate Duguid 3 minute read The dollar held steady near week highs on Thursday after the U.S. Labor Department reported higher producer prices in April, further evidence that inflation is rising in the United States. The producer price index rose 0.6% in April after surging 1.0% in March. In the 12 months through April, the PPI shot up 6.2%. That was the biggest year-on-year rise since the series was revamped in 2010 and followed a 4.2% jump in March. read more Thursday s report follows data on Wednesday showing consumer prices increased by the most in nearly 12 years in April.

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