Iran War causes energy costs to soar, US April PPI up 6.0%, highest in over 3 years
U.S. April Producer Price Index (PPI) rose 6.0% year-on-year, the highest in over three years, driven by soaring energy costs due to the Iran war, according to U.S. Labor Department data. Monthly, PPI increased by 1.4%, significantly exceeding market expectations and marking the largest monthly jump since March 2022. The Consumer Price Index (CPI) also rose by 3.8%, indicating persistent inflationary pressures.
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- 📰 Published: May 13, 2026 at 22:32
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U.S.-Iran War Key News
Central News Agency
(Central News Agency, Washington, 13th, comprehensive foreign report) U.S. government data released today showed that the U.S. April wholesale prices surged significantly, marking the highest 12-month increase since December 2022, primarily due to soaring energy costs caused by the Iran war.
Agence France-Presse reported that the Bureau of Labor Statistics of the Department of Labor indicated that the Producer Price Index (PPI), which reflects wholesale prices, rose by 6.0% in the 12 months ending April.
The April PPI increased by 1.4% month-on-month, significantly higher than market expectations, and recorded the largest single-month increase since March 2022.
Since the COVID-19 pandemic, the U.S., the world's largest economy, has faced persistent high inflationary pressures. Under President Trump's tariff policies and the U.S.'s joint military action with Israel against Iran, commodity prices have faced further pressure.
Iran's retaliation against U.S. and Israeli attacks has destabilized the Middle East, with the Strait of Hormuz, a critical waterway through which one-fifth of the world's energy supply passes, being almost entirely blockaded by Tehran.
The Bureau of Labor Statistics pointed out: "More than 40% of the increase in prices for final demand goods in April was attributable to a 15.6% increase in the gasoline index."
This increase was significantly higher than the 4.0% year-on-year PPI increase in March, which was also driven by rising energy prices due to the Iran war.
The U.S. April Consumer Price Index (CPI), released yesterday, also sharply increased by 3.8% year-on-year, also reaching a new three-year high.
Trump has made curbing prices a core policy, but since his return to the White House last year, overall prices have not significantly retreated, except for some commodities. As the November midterm elections approach, inflation is certain to become the focus of voters' greatest concern. (Compiled by: He Hong-ru) 1150513
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Central News Agency
(Central News Agency, Washington, 13th, comprehensive foreign report) U.S. government data released today showed that the U.S. April wholesale prices surged significantly, marking the highest 12-month increase since December 2022, primarily due to soaring energy costs caused by the Iran war.
Agence France-Presse reported that the Bureau of Labor Statistics of the Department of Labor indicated that the Producer Price Index (PPI), which reflects wholesale prices, rose by 6.0% in the 12 months ending April.
The April PPI increased by 1.4% month-on-month, significantly higher than market expectations, and recorded the largest single-month increase since March 2022.
Since the COVID-19 pandemic, the U.S., the world's largest economy, has faced persistent high inflationary pressures. Under President Trump's tariff policies and the U.S.'s joint military action with Israel against Iran, commodity prices have faced further pressure.
Iran's retaliation against U.S. and Israeli attacks has destabilized the Middle East, with the Strait of Hormuz, a critical waterway through which one-fifth of the world's energy supply passes, being almost entirely blockaded by Tehran.
The Bureau of Labor Statistics pointed out: "More than 40% of the increase in prices for final demand goods in April was attributable to a 15.6% increase in the gasoline index."
This increase was significantly higher than the 4.0% year-on-year PPI increase in March, which was also driven by rising energy prices due to the Iran war.
The U.S. April Consumer Price Index (CPI), released yesterday, also sharply increased by 3.8% year-on-year, also reaching a new three-year high.
Trump has made curbing prices a core policy, but since his return to the White House last year, overall prices have not significantly retreated, except for some commodities. As the November midterm elections approach, inflation is certain to become the focus of voters' greatest concern. (Compiled by: He Hong-ru) 1150513
Choose to stand with facts. Your every sponsorship is a force protecting press freedom.
Download the Central News Agency's "First-hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.