US PPI m/m

U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported Thursday that its producer price index — which captures inflation before it reaches consumers — jumped 6.5% from May 2025. It rose 1.1% from April, as it did the previous month. Wholesale gasoline prices surged by more than 23% from April to May, and nearly 70% from a year earlier. Inflationary pressures, intensified by the energy shock caused by the Iran ...

Higher energy prices continue to push headline inflation up. And we do not expect to see a meaningful reprieve in the food space either, especially following recent headlines about beef prices. Our forecast for core calls for a +0.3% m/m uptick in May, which would nudge the year-over-year pace to 2.9% – well below headline but moving in the wrong direction for the Fed. Higher jet fuel prices will continue to add to core services, while tight labor markets which keep a floor under wage growth are limiting core services disinflation. ...

April's PPI EXPLODED to 6% y/y, crushing economist estimates and signaling more inflation (and a potential Fed rate hike) in the coming months as President Trump flies to China for a high-stakes summit with President Xi. FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at today’s chart of the day, USD/CNH.

US producer prices rose far more than expected in April, according to data released Wednesday by the Bureau of Labor Statistics. Prices rose 1.4% in April over the previous month, far above March’s revised gain of 0.7% and economists' expectations for an increase of 0.5% on the month. Excluding the more volatile food and energy costs, producer prices advanced by 1% over the previous month, more than double the 0.3% growth economists had predicted and well above the previous month's revised gain of 0.2%. On an annual basis, headline ...

XAU/USD finished the week at $4,715, making a small gain and holding above the important $4,700 mark after recovering from a low of $4,501. The week ahead is busy, with April CPI on Tuesday, PPI on Wednesday, jobless claims on Thursday, and Jerome Powell’s final day as Fed Chair on Friday. Each of these events could affect gold prices. This Week’s Setup: Three Data Points That Move Gold: April CPI, set for Tuesday, May 12, is the main focus. This report is likely to cause market swings, and the 10-year note auction that day could ...

U.S. wholesale prices surged last month as the Iran war drove up the cost of energy. The Labor Department reported Tuesday that its producer price index — which measures inflation before it hits consumers — rose 0.5% from February and 4% from March 2025. The year-over-year gains was the biggest in more than three years. Energy prices surged 8.5% from February. Excluding volatile food and energy prices, so-called core producer prices rose a modest 0.1% from February and 3.8% from a year earlier. The gains in wholesale prices were ...