US April Producer Prices Post Biggest Rise in Four Years as Energy, Freight Costs Jump

US producer price inflation for April, announced on the 13th local time, reached its highest level since 2022. The producer price index shows price pressures faced by companies when producing and supplying goods and services. The increase was attributed to higher energy prices, including global oil prices, following the US-Iran war, as well as rising freight transport costs. Greater energy and logistics costs can raise business expenses, making the data a key signal for future inflation trends. Source: mk.co.kr