the United States

Měiguó

美国

April / the 4th month

4 yuè

4月

producer / manufacturer

shēngchǎnzhě

生产者

price

jiàgé

价格

index

zhǐshù

指数

year-on-year

tóngbǐ

同比

to soar / to surge dramatically

biāoshēng

飙升

6 percent

6%

6%

，

to set (a record)

chuàng

创

end of 2022

2022 nián dǐ

2022年底

since (a point in time)

yǐlái

以来

largest / greatest

zuì dà

最大

increase / magnitude of rise

zhǎngfú

涨幅

。

New Words

News in English

US 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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