Gas prices at a Chevron gas station in Manhattan Beach, Calif., on May 7, 2026. John Fredricks/The Epoch Times
Producer prices accelerated last month, signaling renewed inflationary pressures ahead for consumers.
The producer price index—a measure of the prices paid for goods and services by businesses—rose by 1.4 percent in April, the sharpest increase since March 2022, according to new Bureau of Labor Statistics data published on May 13.
