finance
U.S. Producer Prices Rose 1.4% in April
U.S. producer prices increased 1.4% in April on a monthly basis, well above the 0.5% expected by economists. The annual rate accelerated to 6.0%, while core PPI also exceeded forecasts. The data comes amid broader concerns about inflation trends.
May 13, 8:42 AM·1m read6 sources
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U.S. producer prices rose 1.4% month-over-month in April, according to data released on Wednesday. The reading matched the figures reported across multiple wire services that had expected 0.5%. The annual rate increased to 6.0% from 4.0% previously.
Core producer prices, which exclude food and energy, rose 1.0% month-over-month against a consensus forecast of 0.3%. On a yearly basis, core PPI stood at 5.2% versus the 4.3% forecast.
The Bureau of Labor Statistics compiles the producer price index from data on domestic producer prices at various stages of production. April's monthly headline gain was the largest in recent periods. The figures mark an acceleration from prior readings across both headline and core measures.
No further details on specific industry contributors were immediately available in initial releases. Additional breakdowns typically follow in subsequent reports.
The data arrives as officials continue to monitor inflation trends for signs of cooling or persistence. Further consumer price reports are expected in coming weeks to provide additional context on overall price pressures.
