US April PPI Up 0.5% MoM, Exceeding Expectations

The US Producer Price Index (PPI) for April exceeded expectations.

On the 14th (local time), the US Department of Labor announced that the April PPI rose 0.5% compared to the previous month. This figure surpasses Wall Street's forecast of 0.3%.

Compared to the same period last year, it increased by 2.2%, meeting Wall Street's expectations.

The core producer price index, excluding energy and food, also rose 0.4% month-over-month, exceeding experts' forecast of 0.2%. It increased by 3.1% compared to the same period last year.