U.S. wholesale prices surged on an annual basis in March but came in well below forecasts

The Producer Price Index rose 1.4% in April, the largest monthly gain since March 2022, driven by a jump in energy prices

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U.S. wholesale prices rose 1.4% in April, the largest monthly advance since March 2022, as energy costs pushed goods prices sharply higher, according to the Bureau of Labor Statistics.

On an unadjusted 12-month basis, the Producer Price Index for final demand rose 6.0% through April, the largest such increase since December........

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