Inflation at Wholesale Level Rises More Than Expected in the US

Published: 14 May 2024 at 14:26

Inflation at the wholesale level in the US rose 0.5% in April, exceeding expectations, with prices up 2.2% annually, the highest since April 2023. Core prices, excluding food and energy, also increased by 0.5%. High inflation is costing Americans an additional $1,000 a month, impacting essentials like groceries, rent, and gasoline, especially burdening lower-income households.

DEEP DIVE

SOURCES

Wholesale price increases accelerated in April as inflation remains sticky

ABC News

Wholesale price increases accelerated in April as inflation remains sticky

https://apnews.com/author/christopher-rugaber

Wholesale inflation unexpectedly jumps again to highest level in a year

Fox News

Silver lining for consumers: Food price growth has gone flat, and the prices of many other goods are falling

NBC