US Wholesale Inflation Hits Annual High, Signaling More Price Hikes Ahead US wholesale inflation surged to its highest rate in a year in April, with the Producer Price Index (PPI) rising 2.2% year-over-year, surpassing March’s revised 1.8%. Monthly, prices increased by 0.5%, outpacing expectations. This trend suggests rising producer prices may soon impact consumer inflation, potentially keeping interest rates elevated for longer, as noted by Fed Chair Jerome Powell. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Hits Record $2,400 as Middle East Tensions Heighten READ MORE Gold's Summer Slump? Market Experts See Sideways Trading Before Potential Upswing READ MORE THE SILVER BREAKOUT: Off To $48? Triple Digits? READ MORE Gold Demand Hits Q2 Record Despite Consumer Pullback READ MORE Fed's Rate Cuts Ahead: What It Means for the Economy READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment