Economic Buzz: US producer prices up 1.4% in April

The United States Producer Price Index (PPI), on a seasonally adjusted basis, increased by 1.4% in April compared to the previous month, the Bureau of Labor Statistics revealed in its report on Wednesday. On an annual basis, the unadjusted producer prices rose by 6%, marking the largest yearly increase since December 2022.

According to the report, the monthly increase in producer prices was driven mainly by higher final demand services prices, which climbed 1.2%. Final demand goods prices also advanced 2%, led by a 7.8% jump in energy prices, including a 15.6% surge in gasoline prices.

The Producer Price Index excluding foods, energy, and trade services rose 0.6% in April, the largest increase since October 2025, and increased 4.4% from the same month a year earlier, the biggest annual rise since February 2023.

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