US April 2026 PPI rises 6% YoY as energy costs surge; Trump downplays hardships

U.S. producer prices rose 6% year-over-year in April 2026, exceeding a 4.9% forecast as energy-related costs lifted the headline reading. The PPI increased 1.4% month-over-month, with gasoline up 15.6% and energy goods up 7.8%. President Donald Trump told reporters that Americans' financial strain was "not even a little bit" a factor in his push for an Iran nuclear deal.