From the Bureau of Labor Statistics, May 13:
PRODUCER PRICE INDEXES - APRIL 2026
The Producer Price Index for final demand increased 1.4 percent in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.7 percent in March and 0.6 percent in February. (See table A.) The April increase is the largest advance since rising 1.7 percent in March 2022. On an unadjusted basis, the index for final demand rose 6.0 percent for the 12 months ended in April, the largest 12-month increase since moving up 6.4 percent in December 2022.
Nearly 60 percent of the April rise in final demand prices can be attributed to a 1.2-percent advance in the index for final demand services. Prices for final demand goods moved up 2.0 percent.
The index for final demand less foods, energy, and trade services increased 0.6 percent in April, the largest advance since rising 0.6 percent in October 2025. For the 12 months ended in April, prices for final demand less foods, energy, and trade services moved up 4.4 percent, the largest 12-month increase since jumping 4.5 percent in February 2023.
Final Demand
Final demand services: The index for final demand services rose 1.2 percent in April, the largest increase since moving up 1.3 percent in March 2022. Two-thirds of the broad-based advance in April can be traced to a 2.7-percent jump in margins for final demand trade services. (Trade indexes measure changes in margins received by wholesalers and retailers). The indexes for final demand transportation and warehousing services and for final demand services less trade, transportation, and warehousing also rose, 5.0 percent and 0.1 percent, respectively.
Product detail: A major factor in the April advance in prices for final demand services was a 3.5-percent increase in margins for machinery and equipment wholesaling. The indexes for truck transportation of freight; fuels and lubricants retailing; health, beauty, and optical goods retailing; chemicals and allied products wholesaling; and legal services also moved higher. Conversely, prices for portfolio management fell 2.4 percent. Margins for food retailing and for metals, minerals, and ores wholesaling also decreased. (See table 2.)
Final demand goods: The index for final demand goods advanced 2.0 percent in April after rising 1.9 percent in March. More than three-quarters of the broad-based increase in April can be traced to a 7.8-percent jump in prices for final demand energy. The indexes for final demand goods less foods and energy and for final demand foods also moved up, 0.7 percent and 0.2 percent, respectively.
Product detail: Over 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. Prices for jet fuel, diesel fuel, fresh and dry vegetables, industrial chemicals, and residual fuels also rose. In contrast, the index for chicken eggs dropped 49.7 percent. Prices for nonferrous scrap and for residential natural gas also fell....
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