U.S. Producer Prices Jump 6% in April as Energy and Tariffs Broaden Inflation

11 articles · Updated · CNBC · May 13

Wholesale inflation accelerated sharply in April, with the producer price index rising 1.4% from March and 6% from a year earlier—the biggest annual increase since December 2022.
Energy drove much of the surprise: final demand energy climbed 7.8%, and a 15.6% gasoline surge accounted for more than 40% of that increase as pump prices moved above $4 amid Iran war pressures.
Price gains were not limited to fuel. Core PPI excluding food and energy rose 1%, while services increased 1.2%—the largest monthly gain since March 2022—and trade services jumped 2.7%.
Those services gains suggest tariff costs introduced a year ago are spreading through supply chains, adding to concerns that wholesale price pressure will keep feeding into consumer inflation.

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