The US PPI rose 6% year-on-year in April, the highest level since December 2022.

CoinFeed reported on May 13 that the US PPI rose 6% year-on-year in April, the highest since December 2022, exceeding market expectations of 4.9%. The US PPI rose 1.4% month-on-month in April, the highest since March 2022, also exceeding market expectations of 0.5%.