U.S. wholesale prices dropped in April for the first time in more than a year despite all manner of consternation from “experts” over President Donald Trump’s sweeping taxes on imports.
The producer price index — which tracks inflation before it hits consumers — fell 0.5 percent last month from March, the first drop since October 2023 and the biggest in five years.
Compared to a year earlier, producer prices rose just 2.4 percent last month, decelerating from a 3.4 percent year-over-year gain in March, the U.S. Labor Department reported Thursday.
JUST IN: In April, wholesale prices saw the biggest monthly decline in more than five years.
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“You saw a much bigger cooling of inflation at the producer price level month-to-month.” pic.twitter.com/IDdZhxcd7M
— Rapid Response
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