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US wholesale inflation jumps 6.0% in April, PPI surges

financeMay 13, 202633673

The U.S. Producer Price Index rose 1.4 percent month-over-month and 6.0 percent year-over-year in April, the largest annual increase since 2022. The 1.4 percent monthly gain far exceeded the Dow Jones consensus forecast of a 0.5 percent increase, signaling a sharp acceleration in wholesale inflation. Markets reacted immediately, with Dow futures sliding about 200 points while strength in chip stocks helped lift Nasdaq futures. Higher wholesale prices typically filter into consumer inflation and could complicate Federal Reserve decisions on interest rates, raising costs for businesses and households.

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