The PPI for final demand rose 1.4% in April alone, and is up 6% over the last 12 months.

Higher inflation has persisted as rising prices pressure consumers.

Wholesale prices in the United States rose sharply in April, pushed by a surge in energy costs related to the Iran war, registering their highest 12-month increase in more than…

Final demand inflation rose by 6% on an annual basis in April, marking the largest increase since 2022, the U.S. Bureau of Labor Statistics reported.

The PPI for final demand rose 1.4% in April alone, and is up 6% over the last 12 months.

U.S. wholesale inflation came in hot last month.