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News Wire / economy

US Producer Prices Rise 6 Percent Year-On-Year

C-SPAN Radio Washington DC 1h10s Impact 8
US producer prices have increased by 6 percent. Skyrocketing prices at the gas pump were cited as a major culprit for the inflation. This marks the biggest jump in the world. This rise indicates inflationary pressures in the economy. The rise is above the Federal Reserve's target of 2% inflation. The cost of groceries rose 2.9% in April. Energy prices saw the biggest jump, followed by housing costs. The data was released by the Bureau of Labor Statistics. The rise is attributed to disruptions in fuel supply and the war in the Middle East. Diesel prices have seen a jump. Energy prices fell, but producers still need to recoup higher costs. The report suggests the full impact of these pressures has not yet been felt.

Topics

producer prices inflation

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Sources · 7 independent

C-SPAN Radio

“backfires and raises prices and the cost of borrowing even more . Now , Donald Trump has not been subtle about this”

KNX Los Angeles

“The biggest jump in wholesale inflation in four years. The big culprit there, skyrocket ing prices at the gas pump.”

Bloomberg Radio

“Inflation keeps getting worse. Producer prices in April shot up 6% from the same month”

Radio Citizen Kenya

“to Cox Internet today. Taxes and fees excluded from price keren ti.”

WAMU 88.5 DC

“US Producer Prices Rise 6 Percent”

WTOP Washington DC

“US Producer Prices Rise 6 Percent”

WAMU 88.5 DC

“US Producer Prices Up 6 Percent”

KYW Newsradio 1060

“Inflation keeps getting worse. Producer prices in April shot up 6% from the same month”

WWJ Detroit

“Inflation keeps getting worse, producers prices in April shot up 6% from the same month a year ago. Way more than forecast the biggest jump in the world.”

NPR

“US producer prices have risen by 6 percent.”

BBC Radio 4

“US producer prices rise 6 percent”

C-SPAN Radio

“relates to the dramatic increase in gas prices. In the Trump Republican economy, inflation is at a three or”

C-SPAN Radio

“US Producer Prices Rise 6 Percent”

NPR

“US Producer Prices Rise 6 Percent”

WBBM Newsradio 780

“on consumer prices says the cost of groceries rose 2.9% in April.”

NBC News Radio

“6.0.6% in April putting its 1 year pace at 3.8% while above the federal reserves long standing goal of 2% for inflation. Energy prices saw the biggest junk food in housing, we're all.”

NBC News Radio

“inflation. Energy prices saw the biggest junk food in housing, we're all.”

Bloomberg Radio

“We looked at inflation data the last two days, Sarah, that came in hot underscoring some of the price pressures”

NPR

“Year over year, prices were up These are the biggest jumps since 2022, and it was not just gas and oil prices.”

NPR

“gas and oil prices. A big piece of this was actually in services . All right, with that , let's do the numbers.”

WAMU 88.5 DC

“the store. The cause of that jump in prices, you get one guess. This seems directly related to the war in the Middle East to the disruption and the fuel supply. Diesel's up third.”

WAMU 88.5 DC

“energy prices fell, the producers still have to recoup their higher cough.”

Bloomberg Radio

“price pressures, but what's more concerning is this morning's report suggests that the brought-to-the-pay has not yet been felt.”

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