For the first time in over a year, wholesale prices fell in April, defying expectations and offering temporary relief in the supply chain. Key takeaways:
✔️ Producer Price Index dropped 0.5% — biggest fall since 2019
✔️ Service prices saw a record 0.7% decline
✔️ Food prices down 1%, with egg prices plunging 39% (yet still high year-over-year)
✔️ Core wholesale inflation remains elevated at 3.1%
With tariffs being revised frequently, the long-term impact on wholesale pricing remains uncertain. The recent rollback on China tariffs—from 145% to 30%—with China easing its own retaliatory rates in return being the most recent change.
Keep up to date and learn more with Rivet|MRO: https://tedmag.com/us-wholesale-prices-dropped-last-month/
