PPI rises 0.5% in April versus 0.3% expected; March PPI revised from up 0.2% to down 0.1%

Full release:
https://www.bls.gov/news.release/ppi.nr0.htm

The Producer Price Index for final demand rose 0.5 percent in April, seasonally adjusted, the
U.S. Bureau of Labor Statistics reported today. Final demand prices declined 0.1 percent in
March and advanced 0.6 percent in February. (See table A.) On an unadjusted basis, the index for
final demand moved up 2.2 percent for the 12 months ended in April, the largest increase since
rising 2.3 percent for the 12 months ended April 2023.