According to Odaily, the United States Producer Price Index (PPI) for April 2024 has shown an increase. The annual PPI rate for April was 2.2%, which met the expected rate of 2.20%, and was higher than the previous rate of 2.10%.
The monthly PPI rate for April was 0.5%, exceeding the anticipated rate of 0.30%, and surpassing the previous rate of 0.20%. The core PPI for April, which excludes volatile items such as food and energy, also increased on a monthly basis. The core PPI rate for April was 0.5%, which was higher than the expected rate of 0.20% and the previous rate of 0.20%.
The annual core PPI rate for April was 2.4%, which was in line with the expected rate of 2.4% and the previous rate of 2.40%. These figures indicate a steady increase in the prices that producers receive for their goods and services, which could potentially impact consumer prices in the future.