US Producer Prices Rise Most Since 2022 on Energy Costs
US wholesale inflation accelerated in April to the fastest pace since 2022 on a war-driven increase in energy prices that’s feeding into higher freight transportation costs.
The producer price index rose 6% from a year ago, according to Bureau of Labor Statistics data out Wednesday. That topped all estimates in a Bloomberg survey of economists. The monthly gain was also the sharpest since 2022.