See the Full Picture.
Published loading...Updated

US wholesale prices dropped 0.5% last month despite President Trump’s tariffs

  • The U.S. Producer price index fell 0.5% in April 2025, marking the largest drop in five years and the first since October 2023.
  • This decline occurred despite President Trump's ongoing and recently reduced tariffs on imports, which many economists expected to increase prices over time.
  • Core wholesale prices excluding food and energy declined 0.4% in April, with service prices dropping 0.7%, the largest fall in government records dating back to 2009.
  • Senior economist Sal Guatieri noted that although tariffs have not significantly influenced prices so far, their effects are expected to become apparent in the near future.
  • The PPI drop suggests wholesale inflation eased in April while consumer inflation rose 2.3% annually, the smallest increase in over four years, signaling a possible slowdown in price pressures.
Insights by Ground AI
Does this summary seem wrong?

82 Articles

All
Left
6
Center
15
Right
21
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Right
50% Right
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

DailyTruthReport broke the news in on Wednesday, May 14, 2025.
Sources are mostly out of (0)