US PPI: April Records Yearly Increase

The latest data from the US Bureau of Labor Statistics revealed that the Producer Price Index (PPI) for final demand in the United States witnessed a 2.2% rise yearly in April. This figure closely follows March’s increase of 1.8% (revised from 2.1%), aligning precisely with market expectations. The annual core PPI experienced a matching 2.4% uptick in the same period, mirroring the growth observed in March and reassuringly meeting analysts’ forecasts. Every month, both the PPI and the core PPI showed a 0.5% increase in April.