US producer price inflation spikes to 6% in April on energy hike
Idag, 14:42
(Alliance News) - US producer prices rose at a faster pace than expected in April, numbers on Wednesday showed.
The Bureau of Labor Statistics said producer price inflation accelerated to 6.0% in April, from 4.3% in March, the latter revised up from 4.0%. The latest reading, the hottest in over three years, topped the FXStreet cited consensus of 4.9%.
April's producer price inflation figure was the loftiest since December 2022's 6.4%.
On-month, prices rose 1.4% in April, beating the FXStreet cited expectation of a 0.5% rise, and heating up from a 0.7% climb in March from February.
"Prices for unprocessed goods for intermediate demand rose 4.1% in April, the sixth consecutive increase. More than 80% of the April advance can be traced to the index for unprocessed energy materials, which moved up 9.2%," the BLS said.
By Eric Cunha, Alliance News news editor
Comments and questions to newsroom@alliancenews.com
Copyright 2026 Alliance News Ltd. All Rights Reserved.
US producer price inflation spikes to 6% in April on energy hike
Idag, 14:42
(Alliance News) - US producer prices rose at a faster pace than expected in April, numbers on Wednesday showed.
The Bureau of Labor Statistics said producer price inflation accelerated to 6.0% in April, from 4.3% in March, the latter revised up from 4.0%. The latest reading, the hottest in over three years, topped the FXStreet cited consensus of 4.9%.
April's producer price inflation figure was the loftiest since December 2022's 6.4%.
On-month, prices rose 1.4% in April, beating the FXStreet cited expectation of a 0.5% rise, and heating up from a 0.7% climb in March from February.
"Prices for unprocessed goods for intermediate demand rose 4.1% in April, the sixth consecutive increase. More than 80% of the April advance can be traced to the index for unprocessed energy materials, which moved up 9.2%," the BLS said.
By Eric Cunha, Alliance News news editor
Comments and questions to newsroom@alliancenews.com
Copyright 2026 Alliance News Ltd. All Rights Reserved.
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