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Producer prices shot up 6%, adding to pressure on companies to raise prices for customers
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Producer prices shot up 6%, adding to pressure on companies to raise prices for customers

The Seattle Times·PAUL WISEMAN The Associated Press·22 days ago
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WASHINGTON (AP) — U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, most since December 2022, as the 10-week Iran war pushed up energy prices and put pressure on companies to pass along higher costs to consumers. The Labor Department reported Wednesday that its producer price index — which tracks inflation before it hits consumers — shot up 1.4% in April, biggest monthly gain since March 2022. Energy prices climbed 7.8% from March to April and 22.7% from a year earlier. Gasoline soared 15.6% from March and diesel the dominant fuel used in shopping, jumped 12.6%. Excluding volatile food and energy costs, so-called core producer prices were up 1% from March and 5.2% from April 2025. All the numbers were much higher than economists had forecast. Wholesale prices can offer an early look at where consumer inflation might be headed.…

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