Wholesale inflation jumps 6% in April on annual basis, biggest increase in four years
Source: CNBC
Published Wed, May 13 2026 8:31 AM EDT Updated 9 Min Ago
Wholesale prices in April posted their highest annual increase in more than three years, signaling more nettlesome inflation as pipeline costs intensify. The producer price index rose a seasonally adjusted 1.4% for the month, much higher than the 0.5% Dow Jones consensus forecast and the upwardly revised 0.7% March increase, the Bureau of Labor Statistics reported Wednesday. This was the largest monthly gain since March 2022.
On an annual basis, the index was up 6%, the biggest increase since December 2022.
Excluding food and energy, core PPI accelerated 1%, compared to the 0.4% estimate. Excluding food, energy and trade services, PPI rose 0.6 %. Energy was at the root of the unexpectedly high gain in producer prices, as it was for a surge in consumer prices that the BLS reported Tuesday.
For PPI, some three-quarters of the gain in goods prices stemmed from a 7.8% jump in final demand energy, the BLS said. More than 40% of that was traced to a 15.6% surge in gasoline, during a month when prices at the pump soared well past $4 a gallon as pressures from the Iran war hit the broader energy complex. While much of the inflation move has been attributed to the war and President Donald Trump’s tariffs that were introduced a year ago, the PPI data shows the price pressures were broad-based.
Read more: https://www.cnbc.com/2026/05/13/ppi-inflation-report-april-2026-.html
From the source -
Link to tweet
@BLS_gov
PPI for final demand advances 1.4% in April; services rise 1.2%, goods increase 2.0% https://bls.gov/news.release/p
pi.nr0.htm
#PPI #BLSdata
8:32 AM · May 13, 2026
Article updated.
Previous articles -
Wholesale prices in April rose the most in three years, signaling more nettlesome inflation as pipeline costs intensify. The producer price index rose a seasonally adjusted 1.4% for the month, much higher than the 0.5% Dow Jones consensus forecast and the upwardly revised 0.7% March increase, the Bureau of Labor Statistics reported Wednesday. This was the largest monthly gain since March 2022.
On an annual basis, the index was up 6%, the biggest increase since December 2022.
Excluding food and energy, core PPI accelerated 1%, compared to the 0.4% estimate. Excluding food, energy and trade services, PPI rose 0.6 %. Energy was at the root of the unexpectedly high gain in producer prices, as it was for a surge in consumer prices that the BLS reported Tuesday.
For PPI, some three-quarters of the gain in goods prices stemmed from a 7.8% jump in final demand energy, the BLS said. More than 40% of that was traced to a 15.6% surge in gasoline, during a month when prices at the pump soared well past $4 a gallon as pressures from the Iran war hit the broader energy complex.
This is breaking news. Please refresh for updates.
Wholesale prices in April rose the most in three years, signaling more nettlesome inflation as pipeline costs intensify.
The producer price index rose a seasonally adjusted 1.4% for the month, much higher than the 0.5% Dow Jones consensus forecast and the upwardly revised 0.7% March increase, the Bureau of Labor Statistics reported Wednesday.
On an annual basis, the index was up 6%, the biggest gain since December 2022.
This is breaking news. Please refresh for updates.
Original article/headline -
Published Wed, May 13 2026 8:31 AM EDT
The producer price index was expected to increase
0.5% in April, according to the Dow Jones consensus.
This is breaking news. Please refresh for updates.
= new reply since forum marked as read
I'll add more info later after I read the news summary https://www.bls.gov/news.release/ppi.nr0.htm
PPI data series (yes, it has food & energy included in it): http://data.bls.gov/timeseries/WPSFD4
Core PPI data series (without food nor energy nor trade services): http://data.bls.gov/timeseries/WPSFD49116
As always, I prefer to show everything annualized so as to compare to the Fed's 2% goal and to each other
Regular PPI (includes food & energy & trade services)
Red line indicates the Federal Reserve's 2.0% inflation target
CORE PPI (EXcludes food & energy & trade services)
Red line indicates the Federal Reserve's 2.0% inflation target
The title of the 3 month one got cut off -- the last word is annualized
Percent increases over the past month, over the past 3 months, and over the past 12 months, seasonally adjusted numbers, ANNUALIZED
1 mo `3 mo `12mo
----- ----- -----
17.8% 11.1% 6.0% Regular PPI (includes food & energy)
`7.0% `5.3% 4.4% Core PPI (does not have food nor energy nor trade services)
2.0% 2.0% 2.0% Federal Reserve Target
backquote symbols (`) added for spacing. Please try to ignore them