PPI inflation report April 2026:
CNBC • • general
Key Points:
- Wholesale prices in April rose 1.4% month-over-month, significantly exceeding expectations and marking the largest monthly increase since March 2022, according to the Bureau of Labor Statistics.
- On an annual basis, the producer price index (PPI) increased 6%, the highest yearly rise since December 2022, indicating intensifying inflation pressures.
- Energy costs were a major driver, with final demand energy prices jumping 7.8%, including a 15.6% surge in gasoline prices amid geopolitical tensions related to the Iran war.
- Core PPI, excluding food and energy, also accelerated by 1%, highlighting that inflationary pressures are broad-based beyond just energy prices.
- The services index rose 1.2%, led by a 2.7% increase in trade services and a 3.5% rise in machinery and equipment wholesaling margins, suggesting that tariffs and supply chain costs are contributing to price increases.