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US wholesale inflation jumps 6.0% in April, PPI surges

financeMay 13, 202628514

The U.S. Producer Price Index rose 1.4% in April from March and 6.0% from a year earlier, the largest annual jump since December 2022, the Bureau of Labor Statistics reported. April's monthly gain far exceeded the Dow Jones consensus forecast of 0.5% and was the biggest monthly increase since March 2022. Energy led the rise, with energy costs up 7.8% from March and 22.7% year over year; gasoline climbed 15.6% month over month and diesel jumped 12.6%. Higher wholesale costs are flowing through freight and supply chains, putting pressure on companies to raise consumer prices and complicating monetary policy decisions for the Federal Reserve.

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