US producer prices jump 6% on energy costs (opens in new tab)

U.S. producer prices rose 6.0% in the 12 months through April, the fastest annual increase since December 2022, according to the Bureau of Labor Statistics. The Producer Price Index rose 1.4% from March, matching the highest monthly pace since March 2022. The April rise was driven by energy costs linked to the Iran war, while President Trump’s tariffs and conflict-related fuel disruptions added to producer-price pressures.Highlights:Forecast miss: Economists had expected a 4.8% annual increas...