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U.S. April PPI Hits 6% Year-over-Year, Highest Since December 2022

GateNews

2026-05-14 05:09:53

ON-17.18%

MAY-1.64%

4-10.85%

IN-3.31%

According to Jin10 data, the U.S. April Producer Price Index rose 6% year-over-year on May 14, reaching its highest level since December 2022 and exceeding market expectations of 4.9%. The monthly PPI surged 1.4%, driven by increases in both commodity and service prices. Federal Reserve officials noted that patience with inflation is diminishing, with rates potentially remaining elevated for an extended period.

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