Economy

PPI Shows a Tick Up in Wholesale Inflation

The Producer Price Index (PPI) measures wholesale inflation, and the April readings are mostly in line with those from March. The headline PPI for final demand was up 0.6% in April, above the 0.2% reading expected by Bloomberg and up marginally from the 0.5% headline reading for March.

The core reading, excluding food and energy, was up by 0.5% in April. This compared to a Bloomberg consensus estimate from economists of 0.2% and was down by one-tenth of one-percent from the 0.6% reading from March.

Where the reading gets less inflationary is when you back out food and energy and the so-called trade services. This was only a gain of 0.3% in April. Economists do not guess that reading yet, but it was flat from the 0.3% reading from March.

Both readings for goods and for services were up by 0.6% in April.

We would caution that, while these still seem low and under the Federal Reserve’s inflation target, that February’s PPI readings were negative. These will not be deemed inflationary by much of a measure.

READ MORE: As Business Inventories Rise, America Is Back in Business

The Average American Has No Idea How Much Money You Can Make Today (Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

 

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

1 https://www.fdic.gov/national-rates-and-rate-caps

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.