Producer prices in the U.S. increased in line with economist estimates in the month of April, according to a report released by the Labor Department on Thursday.
The Labor Department said its producer price index for final demand rose by 0.5 percent in April after surging by an upwardly revised 1.6 percent in March.
Economists had expected producer prices to advance by 0.5 percent compared to the 1.4 percent jump originally reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.