Producer Inflation Makes Biggest Jump in a Year in Potential Warning Sign for Future Economy

Star News Staff (Will Kessler), The Star News Network

A measure of wholesale inflation that tracks prices before they reach consumers surged to

its fastest annual rate since April 2023, according to new data by the Bureau of Labor Statistics (BLS). The producer price index (PPI) rose 0.5 percent in April, totaling a 2.2 percent annual rate, far higher than estimates that the index would rise 0.3 percent in the month. The report adds to fears that inflation is once again surging following the consumer price index jumping to 3.5 percent in March, up from 3.2 percent in February.