BLS: US PPI Jumps 1.4% in April on Energy Costs


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- The Producer Price Index (PPI) for final demand 
advanced 1.4% in April, following a revised 0.7% increase in March and a 0.6% 
rise in February, the U.S. Bureau of Labor Statistics (BLS) reported Wednesday 
(5/13).

   The April increase was the largest monthly advance since March 2022, while 
the year-on-year increase in final demand prices reached 6% in April, the 
highest since December 2022.

   Nearly 60% of the April increase in final demand prices can be attributed to 
a 1.2% rise in the index for final demand services. Prices for final demand 
goods increased 2% during the month.

   The increase in goods prices was driven largely by a 7.8% jump in the index 
for final demand energy. More than 40% of the increase in final demand goods 
prices was linked to a 15.6% surge in gasoline prices, while jet fuel and 
diesel fuel prices also moved higher, BLS said.

   Core PPI for final demand, which excludes food, energy, and trade services, 
rose 0.6% in April, the largest increase since October 2025, after advancing 
0.2% in March. On a 12-month basis, the core index increased 4.4%, the largest 
year-on-year gain since February 2023.




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