the United StatesMěiguó美国April / the 4th month4 yuè4月producer / manufacturershēngchǎnzhě生产者pricejiàgé价格indexzhǐshù指数year-on-yeartóngbǐ同比to soar / to surge dramaticallybiāoshēng飙升6 percent6%6%，to set (a record)chuàng创end of 20222022 nián dǐ2022年底since (a point in time)yǐlái以来largest / greatestzuì dà最大increase / magnitude of risezhǎngfú涨幅。
May 15, 2026 at 7:00 AM
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BusinessUS Wholesale Inflation Surges 6 Percent Annually to Highest Level Since Late 2022
The US Producer Price Index rose 1.4 percent month-on-month in April, far exceeding market forecasts, with the annual rate jumping to 6 percent — the highest since December 2022.
Data from the US Bureau of Labor Statistics shows that the Producer Price Index (PPI) rose 1.4% month-on-month in April, significantly exceeding the market forecast of 0.5%. The year-on-year increase reached 6%, marking the highest level since December 2022. After excluding food and energy, the core PPI rose 1% month-on-month, with the annualized rate reaching 5.2%. Producer prices are typically viewed as a leading indicator of future consumer price trends. This data has caused market expectations for Federal Reserve interest rate cuts this year to nearly completely dissipate. Some analysts have even begun discussing the possibility of rate hikes within the year.
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