Inflation Surges: Wholesale Prices Rise More Than Expected, Analysis Shows Mixed Results
Amsterdam, Netherlands – New data released on Tuesday revealed that wholesale prices experienced a higher-than-expected increase in April. Federal Reserve Chair Jerome Powell described the data as mixed, noting that while headline numbers were up, there were revisions to March’s Producer Price Index. In April, wholesale prices rose by 0.5% compared to the previous month, exceeding the 0.3% consensus forecast. The Producer Price Index, which tracks the prices producers receive for goods produced, also showed …