May 15 (UPI) -- U.S. April wholesale inflation experienced its biggest drop since 2020, according to a Bureau of Labor Statistics report Thursday.
The Producer Price Index fell 0.5% in April and 2.4% annually.
in April and 2.4% for the 12 months ended April 2025.a 0.2% riseEconomists expected
"The April decline in the index for final demand is attributable to prices for final demand services, which decreased 0.7%. The index for final demand goods was unchanged," BLS said."
"Prices for final demand less foods, energy, and trade services edged down 0.1% in April, the first decline since falling 0.8% in April 2020. For the 12 months ended April 2025, the index for final demand less foods, energy, and trade services advanced 2.9%."
