US Producer Prices Rise Most Since 2022 on Energy Costs (1)

US wholesale inflation accelerated in April to the fastest pace since 2022 on a war-driven increase in energy prices that’s feeding into higher freight transportation costs.

The producer price index rose 6% from a year ago, according to Bureau of Labor Statistics data out Wednesday. That topped all estimates in a Bloomberg survey of economists. The monthly gain was also the sharpest since 2022.

A core measure of wholesale inflation that excludes food and energy increased 5.2% from April 2025 — the biggest advance in more than three years.

The inflation snapshot at the wholesale level follows Tuesday data that ...