Wholesale inflation surged 6% annually in April, the largest increase since December 2022, driven primarily by energy prices and tariff-related costs, according to Bureau of Labor Statistics data released Wednesday. The producer price index rose 1.4% for the month, significantly exceeding forecasts, signaling persistent inflation pressures across services and goods sectors.
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Wholesale inflation surged 6% annually in April, the largest increase since December 2022, driven primarily by energy prices and tariff-related costs, according to Bureau of Labor Statistics data released Wednesday. The producer price index rose 1.4% for the month, significantly exceeding forecasts, signaling persistent inflation pressures across services and goods sectors.