US EditionUS wholesale prices dropped 0.5% last month despite President Trump’s tariffs
- The U.S. Producer price index dropped 0.5% in April 2025, marking the largest decline in five years and first since October 2023.
- This unexpected decline occurred despite President Trump’s ongoing import tariffs, after he scaled back taxes on Chinese products recently.
- Core wholesale prices, which exclude volatile food and energy, fell 0.4% from March but rose 3.1% annually, while services prices declined 0.7%, the biggest drop since 2009.
- Senior economist Sal Guatieri commented that while tariffs have not significantly influenced prices so far, it is expected that their effects will become apparent over time.
- The data suggests wholesale inflation cooled despite tariffs, but many expect tariff impacts to emerge in coming months, complicating future price forecasts.
56 Articles
56 Articles
US Wholesale Inflation Registers Largest Drop Since Pandemic
Wholesale inflation in April recorded the sharpest drop since the onset of the COVID-19 pandemic, signaling that U.S. tariffs have yet to impact consumers. Last month, the producer price index (PPI)—a gauge of prices for goods and services paid by businesses early in the supply chain—fell by 0.5 percent, down from the upwardly adjusted zero percent recorded in March. The consensus forecast suggested a 0.2 percent increase. According to May 15 da…
U.S. Wholesale Prices See Biggest Drop In 5 Years, Flying In The Face Of Economists’ Predictions
The Producer Price Index, which measures the average change over time in selling prices received by domestic producers, fell 0.5% in April, its biggest drop in five years, the U.S. Bureau of Labor Statistics reported on Thursday.The drop marks the first time the Producer Price Index declined since October 2023. Since last April, producer prices rose 2.4%, but that’s a significant deceleration from the 3.4% year-over-year gain in March, according…
Wholesale Prices See Biggest Monthly Decline In Five Years, Despite President Trump's Tariffs
US wholesale prices dropped 0.5% last month despite President Trump’s tariffs Wholesale prices in the U.S. unexpectedly fell in April, contradicting economists’ predictions and easing inflation fears. The decline comes as President Trump moves to ease trade tensions with China by rolling back tariffs on both sides. Key Facts: U.S. wholesale prices dropped 0.5% in April—the first decline in over a year, according to the Labor Department. Core wh…
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