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US Wholesale Inflation Accelerates to Fastest Pace Since 2022 on Energy Costs

Wholesale inflation accelerated in April, marking the fastest pace since 2022 as energy costs climbed significantly. The producer price index rose 6% year-over-year, while the core measure excluding food and energy increased 5.2% from April 2025, the largest advance in more than three years. Energy prices are translating into higher freight transportation costs for shippers. Consumer-level inflation also quickened during the month, with gasoline and grocery prices climbing. The wholesale acceleration outpaced economist expectations, signaling persistent inflationary pressures across supply chains.