U.S. wholesale prices unexpectedly dropped in April, the first decline in over a year, despite President Trump's import taxes. The producer price index fell 0.5% from March and rose 2.4% from April 2024. Core wholesale prices, excluding food and energy, also dipped 0.4% from March. Economists had anticipated a modest increase in producer prices, but a 0.7% drop in services prices contributed to the decline. Trump's tariffs are expected to impact prices in the coming months, but the economic impact remains uncertain due to the changing nature of the tariffs, such as the recent de-escalation of the trade war with China.
Source: https://www.newsmax.com/finance/streettalk/producer-wholesale-inflation/2025/05/15/id/1211059