PPI Inflation Surged in April 2026

April 2026 PPI surged 1.4% monthly and 6.0% annually, driven by a 7.8% spike in energy costs amid U.S.-Iran tensions. Services and Goods inflation have also accelerated, prompting PNC to forecast no further Fed easing this year.

Key Takeaways

• 1.Final Demand PPI rose 1.4% in April 2026, significantly exceeding expectations of a 0.5% gain.
• 2.Energy costs spiked 7.8% for the month, driven by military conflict between the U.S. and Iran.
• 3.Services PPI has accelerated, posting its strongest monthly rise since March 2022 at 1.2%.

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