The Producer Price Index final demand, which tracks inflation in prices that companies pay each other, spiked by 1.38% in April from March (+17.8% annualized), seasonally adjusted, the worst since the historic one-month spike in March 2022, driven by services and energy.
The services PPI spiked by 1.18% (+15.1% annualized) in April from March, seasonally adjusted.
Core PPI Final Demand, which excludes energy and food components, spiked by 1.03% (+13.1% annualized) in April from March, seasonally adjusted.
The PPI for energy prices spiked by 7.8% in April from March (+145% annualized), which came on top of the 10.1% spike in March.
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This is a massive amount of inflation that companies are passing on to each other through much of the economy.
The Producer Price Index final demand (PPI), which tracks inflation in prices that companies pay each
