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April wholesale prices jump 0.6%, led by higher food costs

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WASHINGTON – Wholesale prices rose a higher-than-expected 0.6% in April, driven by escalating food costs. It's more evidence that inflation pressures are starting to mount as the country emerges from a recession brought on by the pandemic.

The increase in the producer price index, which measures inflationary pressures before they reach consumers, was double the 0.3% gain that economists had been forecasting.

The increase, reported Thursday by the Labor Department, followed a sizable 1% advance in March. Over the past 12 months, wholesale prices are up 6.2%, the largest advance since the data was first calculated in 2010.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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