{"id":666944,"date":"2026-05-13T15:42:09","date_gmt":"2026-05-13T15:42:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/666944\/"},"modified":"2026-05-13T15:42:09","modified_gmt":"2026-05-13T15:42:09","slug":"u-s-producer-prices-post-biggest-gain-since-2022-in-april-on-higher-energy-costs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/666944\/","title":{"rendered":"U.S. producer prices post biggest gain since 2022 in April on higher energy costs"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

A customer shops for produce at an H-E-B grocery store in Austin, Tex., on Monday.Brandon Bell\/Getty Images<\/p>\n

U.S. producer prices increased more than expected in April, posting their biggest gain since early 2022, the latest indication that inflation was accelerating amid the war with Iran.<\/p>\n

The Producer Price Index for final demand surged 1.4 per cent last month after an upwardly revised 0.7-per-cent advance in March, the Labor Department\u2019s Bureau of Labor Statistics said on Wednesday. Last month\u2019s increase was the largest since March, 2022, and the rise was across goods and services.<\/p>\n

Economists polled by Reuters had forecast the PPI gaining 0.5 per cent after a previously reported 0.5-per-cent increase in March.<\/p>\n

Producer prices have risen strongly this year, partly driven by higher energy costs, as the U.S.-Israeli war with Iran disrupted shipping in the Strait of Hormuz. The conflict is straining global supply chains, causing shortages of a wide range of goods, including fertilizers, aluminum and consumer products.<\/p>\n

In the 12 months through April, the PPI jumped 6.0 per cent. That was the largest increase since December, 2022, and followed a 4.0-per-cent rise in March. Part of the surge in the year-on-year PPI rate reflected last year\u2019s low readings dropping out of the calculation.<\/p>\n

The rise in inflation is becoming pervasive, posing a challenge for the Federal Reserve. The BLS reported on Tuesday that the Consumer Price Index rose further in April, with the annual inflation rate posting its largest gain in three years.<\/p>\n

The U.S. central bank tracks the Personal Consumption Expenditures price indexes for its 2-per-cent inflation target.<\/p>\n

Prior to the PPI report, economists estimated PCE inflation, excluding the volatile food and energy components, could rise by as much as 0.4 per cent in April after gaining 0.3 per cent in March. Estimates for the year-on-year increase in the so-called core PCE inflation were as high as 3.4 per cent. It increased 3.2 per cent in March.<\/p>\n

The Fed last month left its benchmark overnight interest rate in the 3.50-3.75-per-cent range. <\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: A customer shops for produce at an H-E-B grocery store in Austin, Tex.,…\n","protected":false},"author":2,"featured_media":666945,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[901,888,902,879,877,903,45,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-666944","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/666944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=666944"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/666944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/666945"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=666944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=666944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=666944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}