FX.co ★ US Core PPI Rises Most since 2022

In April 2026, core producer prices in the United States—excluding food and energy—rose 1.0% from the previous month, the largest increase since March 2022. This followed an upwardly revised 0.2% gain in March and far exceeded market expectations of a 0.3% rise.

Within the index, final demand goods prices excluding food and energy advanced 0.7% in April, after a 0.3% increase in March. Prices for services climbed 1.2%, following a 0.2% gain in the prior month.

On an annual basis, core producer prices were up 5.2% in April, accelerating from a 4.0% increase in March and coming in above the forecast 4.3% rise.