State of the Union: This reading is the highest month-over-month producer inflation since March 2022. The post Producer Price Index Rises to Highest Since December 2022 appeared first on The American Conservative .
The Producer Price Index (PPI) report published Wednesday reported 6.0 percent producer inflation year-over-year in April. This is the highest since December 2022 under the Biden Administration. The month-over-month reading also increased to 1.4 percent, a similar high to that of March 2022. The Bureau of Labor Statistics report said that the “40 percent of the April advance in prices for final demand goods can be attributed to a 15.6-percent increase in the index for gasoline,” noting that fuels and industrial chemicals also rose significantly. Producer inflation runs ahead of increased consumer prices, as higher costs in production costs are often imparted to consumers. Energy prices since Tehran’s closing of the Strait of…Open
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FDA Commissioner Marty Makary has resigned after reports that President Trump had pressured him to give approval to flavored vapes. #FDA #Trump #MartyMakary About Rising: Rising is a weekday morning show with bipartisan hosts that breaks the mold of morning TV by taking viewers inside the halls of Washington power like never before. The show leans into the day's political cycle with cutting edge analysis from DC insiders who can predict what is going to happen. It also sets the day's political agenda by breaking exclusive news with a team of scoop-driven reporters and demanding answers during interviews with the country's most important political newsmakers. Follow Rising on social media: Website: Hill.TV Facebook: facebook.com/HillTVLive/…
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U.S. wholesale inflation rose by 6 percent year-over-year in April, marking the highest increase since December 2022.
Wholesale inflation in the U.S. reached its highest level in several years, primarily driven by rising energy costs linked to the Iran war , signifying economic pressure on producers that could be passed on to consumers. PULSE POINTS WHAT HAPPENED: U.S. wholesale inflation rose by six percent year-over-year in April, marking the highest increase since December 2022. DETAIL: U.S. wholesale inflation is measured by the Producer Price Index (PPI), which tracks average changes in wholesale prices. It draws on price quotations from thousands of businesses, collected by the U.S. Bureau of Labor Statistics, and is widely used to gauge inflation trends. The Federal Reserve’s preferred inflation gauge, the Department of Commerce’s Personal…Open
