U.S. wholesale prices rose 1.4% in April, the largest monthly advance since March 2022, as energy costs pushed goods prices sharply higher, according to the Bureau of Labor Statistics.

On an unadjusted 12-month basis, the Producer Price Index for final demand rose 6.0% through April, the largest such increase since December 2022.

Goods prices led the monthly advance, climbing 2.0% in April after a 1.9% rise in March. More than three-quarters of that increase came from a 7.8% jump in energy prices. Within energy, gasoline accounted for more than 40% of the overall goods gain, rising 15.6%. Jet fuel, diesel fuel, and industrial chemicals also moved higher. Egg prices bucked the trend, falling 49.7%.

Services prices rose 1.2% in April, the largest monthly increase since March 2022. Trade services margins drove two-thirds of that gain, climbing 2.7%. Transportation and warehousing services jumped 5.0%, while services excluding trade, transportation, and warehousing edged up 0.1%. Margins for machinery and equipment wholesaling rose 3.5%, while portfolio management prices fell 2.4%.

Excluding foods, energy, and trade services — a measure tracked for underlying price trends — final demand prices rose 0.6%, the largest advance since October 2025. On a 12-month basis, that measure climbed 4.4%, the largest increase since February 2023.

Earlier in the production pipeline, price pressures were also broad. Processed goods for intermediate demand rose 2.7%, with processed energy goods up 7.8%. Unprocessed goods climbed 4.1%, led by a 9.2% surge in energy materials. Crude petroleum prices rose 11.3%, accounting for almost three-quarters of the unprocessed goods advance.

Services for intermediate demand increased 1.1%, also the largest monthly gain since March 2022, with truck transportation of freight prices jumping 8.1%.

The BLS noted that some figures for December through March were revised to reflect late reports and corrections by respondents.