US Producer Prices Climb by Most Since 2022

• US April headline PPI rose 1.4% month-over-month (est. +0.5%) and 6.0% year-over-year (est. +4.8%).
• Core PPI (excluding food & energy) increased 1.0% month-over-month and 5.2% year-over-year (est. +4.3%).
• Significant price increases were observed in goods (up 2.0%), services (up 1.2%), and specifically in air transportation (passenger services +1.0%, freight +3.6%), as well as higher margins for retailers and wholesalers, particularly for equipment.

The video reports on the hotter-than-expected US April Producer Price Index (PPI) data, with headline PPI rising 6.0% year-over-year and core PPI (ex-food & energy) up 5.2% year-over-year, both significantly exceeding estimates. This indicates persistent inflationary pressures across goods and services, leading to negative reactions in S&P 500 futures and rising bond yields.