US Producer Price Index Released for April

12 May 2023

The Labor Department reported the producer price index for final demand rose 0.2% in April. Data for March was revised slightly to show the PPI dropping 0.4% instead of 0.5% as previously reported. In the 12 months through April, the PPI increased 2.3%. That was the smallest year-on-year rise since January 2021.  A 0.3% increase in the cost of services accounted for 80% of the rise in the monthly PPI. Excluding food, energy and trade services components, producer prices gained 0.2% in April after edging up 0.1% in March. In the 12 months through April, the core PPI rose 3.4% after increasing 3.7% in March.

Source: Reuters
Post by: Republic of Türkiye Ministry of Trade