The Producer Price Index for final demand increased 1.4% in April, seasonally adjusted, according to the U.S. Bureau of Labor Statistics report. Final demand prices advanced 0.7% in March and rose 0.6% in February. On an unadjusted basis, the index for final demand rose 6.0% for the 12 months ended April 2026, the largest 12-month increase since moving up 6.4% in December 2022.
Nearly 60% of the April rise in final demand prices can be attributed to a 1.2% advance in the index for final demand services. Prices for final demand goods moved up 2.0%.
Prices for final demand less foods, energy, and trade services increased 0.6% in April, the largest advance since rising 0.6% in October 2025. For the 12 months ended in April, prices for final demand less foods, energy, and trade services moved up 4.4%, the largest 12-month increase since jumping 4.5% in February 2023.
The index for final demand goods advanced 2.0% in April after rising 1.9% in March. More than three-quarters of the broad-based increase in April can be traced to a 7.8% jump in prices for final demand energy. The indexes for final demand goods less foods and energy and for final demand foods also moved up, 0.7% and 0.2%, respectively.
The index for final demand services rose 1.2% in April, the largest increase since moving up 1.3% in March 2022. Two-thirds of the broad-based advance in April can be traced to a 2.7-percent jump in margins for final demand trade services. The indexes for final demand transportation and warehousing services and for final demand services less trade, transportation, and warehousing also rose, 5.0% and 0.1%, respectively.
Read the BLS release.
