US wholesale prices fall in April despite tariffs, biggest drop in five years
US wholesale prices saw an unexpected drop in April. This marks the first monthly decline in over a year. The producer price index fell 0.5% from March. Core wholesale prices also decreased. A sharp drop in services prices contributed to the decline. Many economists had anticipated upward pressure on prices due to tariffs by President Trump.
US wholesale prices saw an unexpected drop in April. This marks the first monthly decline in over a year. The producer price index fell 0.5% from March. Core wholesale prices also decreased. A sharp drop in services prices contributed to the decline. Many economists had anticipated upward pressure on prices due to tariffs by President Trump.
