# USAprilPPISurges6Percent

US April PPI rose 6 percent year over year, far above expectations of 4.8 percent and the prior reading of 4 percent, hitting its highest level since December 2022. Core PPI rose 5.2 percent year over year. Energy prices were the main driver, with gasoline jumping 15.6 percent month over month. After the hotter than expected CPI print, PPI has reignited market concerns over potential Fed rate hikes.