US Wholesale Inflation Surges By 11% In April, Fueled By Rising Gas, Food Prices
Posted on AllSides May 12th, 2022
From The Center
Prices for wholesale goods in the U.S. saw a double-digit increase again last month, rising by 11% in April and adding to the inflationary pressure felt across the economy.
On Wednesday, the U.S. Bureau of Labor Statistics shared its latest data for the Producer Price Index (PPI), which measures the prices paid by wholesalers for their goods.
It found that prices grew by 11% in the last year as of April, driven primarily by a spike in demand for final demand goods like diesel fuel and motor vehicles. When more volatile food and energy...
