Wholesale prices jumped the most in over four years, driven by a 7.8% energy cost increase and broad services gains.
US producer prices climbed 1.4% in April, the steepest monthly rise since March 2022, led by a 2.0% increase in goods prices. Energy costs surged 7.8%, with gasoline alone contributing over 40% of the goods gain after a 15.6% jump.
The 12-month PPI rose 6.0%, the largest annual advance since December 2022. Core PPI, excluding food, energy, and trade services, increased 0.6% month-over-month, the biggest gain since October 2025. Services prices also accelerated, rising 1.2% on higher trade margins and transportation costs.
Intermediate demand prices showed similar pressure, with processed goods up 2.7%. The data suggests persistent inflationary trends across production stages, reinforcing concerns about price stability.