Wholesale prices surge in April

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MemphisAg1
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7:36a, 5/13/26
AG
More evidence of inflation taking off. This indicator is in the wholesale segment. I believe that 1.4% is month-over-month, which is huge. Gotta be driven largely by $100 oil.
Quote:
Wholesale prices surged 1.4% in April, much more than expected. The producer price index was expected to increase 0.5% in April, according to the Dow Jones consensus.

https://www.cnbc.com/2026/05/13/ppi-inflation-report-april-2026-.html
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An L of an Ag
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7:40a, 5/13/26
AG
Everything is costing more now. I'm getting really ****ing angry about ALL of this!!
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ErnestEndeavor
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7:45a, 5/13/26
6% on an annual basis. Biggest increase since 2022.
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BusterAg
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7:47a, 5/13/26
AG
Quit. Printing. Money.

The end.
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Haleyscomet50
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7:48a, 5/13/26
Can't the American people afford to pay a little more so that Israel is safe? Short term pain so we can finally end the terror of the Iranian regime. They fund by proxy attacks on Israel. They just killed 42k protestors. This is Trump putting Americans first doesn't matter that they are 7,000 miles away what would happen if they ever got a nuclear weapon. Americans are so selfish don't you want our President to be a man of his word? He took 230 million from the Addlesons if he said he would protect Isreal he needs to keep his word.

This is a problem cause by Obama doesn't matter that we got our payback when we killed Solamani Trump is protecting us. When you pay 5 dollars a gallon in College Station be proud we are keeping our Grandchildren safe.

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ErnestEndeavor
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In reply to BusterAg • 7:48a, 5/13/26
Money printing doesn't have much to do with this spike.

Oil price spikes increase the cost of everything. Every piece of plastic, everything transported. All more expensive.

And the true costs of oil still has not been represented on the paper markets. Physical new oil being put on the market is still being supplemented by drawdowns of storage stocks. When those stock releases have to slow down we are going to see a huge spike. $6 national average gasoline is not out of the question. For goods inflation the diesel cost is more important, and that will go much higher.

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ErnestEndeavor
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7:52a, 5/13/26
Treasury yields are also spiking though which does make debt more expensive.
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MouthBQ98
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In reply to Haleyscomet50 • 8:00a, 5/13/26
AG
The Israel problem is over now. With all their enemies devastated and Iran being crushed down, and with Israel having made key regional alliances or at least treaties or accords, we in the US won't be required to deal so closely with them, nor they with us, in order for us to have the regional stability we prefer for our own economic interests long term.

Old business is being settled so the United States can move on to dealing more directly with our Cold War with China from a better strategic position.

Israel was a tool for our own regional policy to manipulate China at least as much as we have been a tool for their regional security.

Noe it may be nearing to to just END Iran as a regional threat by taking away its energy revenues more permanently. If they are too poor, they csnt afford to support a nuclear program. Not one we can't easily interrupt at need. We can then focus on making more oil available from elsewhere in regions not populated by death cultists.
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BusterAg
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In reply to ErnestEndeavor • 8:02a, 5/13/26
AG
ErnestEndeavor said:
Money printing doesn't have much to do with this spike.

Oil price spikes increase the cost of everything. Every piece of plastic, everything transported. All more expensive.

And the true costs of oil still has not been represented on the paper markets. Physical new oil being put on the market is still being supplemented by drawdowns of storage stocks. When those stock releases have to slow down we are going to see a huge spike. $6 national average gasoline is not out of the question. For goods inflation the diesel cost is more important, and that will go much higher.


Equilibrium will eventually occur. Things that are less exposed to oil prices will get some pricing pressure.

The only solution to lower inflation is to quit printing money. Oil price surges will just have an impact on the relative prices within the economy, not aggregate prices.
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Rapier108
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8:10a, 5/13/26
Explains why more and more vendors are refusing to honor pricing for more than a week, if they will honor it at all. Either it ships the same day, or it can be subject to a price increase.

Also, the fuel surcharges being slapped on everything by UPS, FedEx, and freight carriers has gone sky high. On some of my FedEx Express shipments, the fuel surcharge is as high or higher than the regular shipping charge.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
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Gradin
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8:12a, 5/13/26
AG
Trump says he doesn't think about Americans' financial situation.
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BigRobSA
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In reply to Rapier108 • 8:16a, 5/13/26
Rapier108 said:
Explains why more and more vendors are refusing to honor pricing for more than a week, if they will honor it at all. Either it ships the same day, or it can be subject to a price increase.

Also, the fuel surcharges being slapped on everything by UPS, FedEx, and freight carriers has gone sky high. On some of my FedEx Express shipments, the fuel surcharge is as high or higher than the regular shipping charge.


Learn to code drive a large box truck.
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MemphisAg1
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8:30a, 5/13/26
AG
While $100 oil grabs the headline, there's some deeper color that doesn't bode well, with services inflation at its highest in four years. Some indication that tariff impacts continue to gain traction. If this trend holds it won't be good for Trump and the R's. Some people can look past a temporary spike in oil due to a military conflict, but lingering inflation caused by deliberate executive action won't get a free pass. Curious to see if this is a one-time spike or becomes embedded in a deeper trend in the coming months.

Quote:
The services index accelerated 1.2%, the biggest monthly gain since March 2022. Two-thirds of the move was attributed to a 2.7% rise in trade services, a sign that tariff costs could be starting to have a larger impact on prices. The move also was buttressed by a 3.5% jump in margins for machinery and equipment wholesaling.

"Inflation is sticky and accelerating. The core reading confirms a deeper structural trend, especially in services," said David Russell, global head of market strategy at TradeStation. "The Hormuz crisis is aggravating the problem, but this goes way beyond oil."

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Squadron7
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8:32a, 5/13/26
AG
My Mom is 95 and remembers gas, rubber, oil, and food rationing from WW2. Recyclable metal drives.

Have we even paid Biden level gas prices yet while strangling a 47 year world threat with zero boots on the ground?





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tysker
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In reply to ErnestEndeavor • 8:32a, 5/13/26
AG
ErnestEndeavor said:
Money printing doesn't have much to do with this spike.

Oil price spikes increase the cost of everything. Every piece of plastic, everything transported. All more expensive.

And the true costs of oil still has not been represented on the paper markets. Physical new oil being put on the market is still being supplemented by drawdowns of storage stocks. When those stock releases have to slow down we are going to see a huge spike. $6 national average gasoline is not out of the question. For goods inflation the diesel cost is more important, and that will go much higher.


Higher oil prices are the accelerant to the fire ignited by monetary policy.
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HTownAg98
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8:32a, 5/13/26
Remember how everyone said that inflation was manageable because real wages were increasing at a greater rate? We can kiss those days goodbye.
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Moe Jzyslak
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In reply to Gradin • 8:36a, 5/13/26
AG
We already knew politicians don't give a **** about the average American, but hearing the President come right out and say it is pretty funny
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BigRobSA
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In reply to Squadron7 • 8:37a, 5/13/26
Squadron7 said:
My Mom is 95 and remembers gas, rubber, oil, and food rationing from WW2. Recyclable metal drives.

Have we even paid Biden level gas prices yet while strangling a 47 year world threat with zero boots on the ground?


Yes. Didn't realize we were using him as an example of what to shoot for, though. Bold move, Cotton.
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Aggie95
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In reply to MemphisAg1 • 8:37a, 5/13/26
AG
MemphisAg1 said:
While $100 oil grabs the headline, there's some deeper color that doesn't bode well, with services inflation at its highest in four years. Some indication that tariff impacts continue to gain traction. If this trend holds it won't be good for Trump and the R's. Some people can look past a temporary spike in oil due to a military conflict, but lingering inflation caused by deliberate executive action won't get a free pass. Curious to see if this is a one-time spike or becomes embedded in a deeper trend in the coming months.

Quote:
The services index accelerated 1.2%, the biggest monthly gain since March 2022. Two-thirds of the move was attributed to a 2.7% rise in trade services, a sign that tariff costs could be starting to have a larger impact on prices. The move also was buttressed by a 3.5% jump in margins for machinery and equipment wholesaling.

"Inflation is sticky and accelerating. The core reading confirms a deeper structural trend, especially in services," said David Russell, global head of market strategy at TradeStation. "The Hormuz crisis is aggravating the problem, but this goes way beyond oil."


with tarrifs being ruled unconstitutional, why can some people look past a temporary military conflict and oil spike, but not the fact that the tariff's...that have been around for a while and should have been accounted for already, might go away?

not trying to be argumentative as I agree with the overall premise that oil is not the only issue and these inflation numbers are big trouble.
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MemphisAg1
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In reply to HTownAg98 • 8:37a, 5/13/26
AG
That's an ugly picture. It shows what we know happened with the big Bidenflation that spiked in 2022 and 2023. Then it eased and wages gradually made up to recover some of the lost ground. But this latest inflation spike threatens to turn it upside down again. I hope not. I'm about to retire and have three sons in their mid 30's who are getting off to a good start in life. None of us want to be derailed by the inflation monster.
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HTownAg98
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8:40a, 5/13/26
You're probably old enough to remember the great days of stagflation then. What a great time that was!

(FTR, I'm not, but anyone who reads a little history and economics can get a good idea about how bad it was.)
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MemphisAg1
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In reply to Aggie95 • 8:41a, 5/13/26
AG
Aggie95 said:
MemphisAg1 said:
While $100 oil grabs the headline, there's some deeper color that doesn't bode well, with services inflation at its highest in four years. Some indication that tariff impacts continue to gain traction. If this trend holds it won't be good for Trump and the R's. Some people can look past a temporary spike in oil due to a military conflict, but lingering inflation caused by deliberate executive action won't get a free pass. Curious to see if this is a one-time spike or becomes embedded in a deeper trend in the coming months.

Quote:
The services index accelerated 1.2%, the biggest monthly gain since March 2022. Two-thirds of the move was attributed to a 2.7% rise in trade services, a sign that tariff costs could be starting to have a larger impact on prices. The move also was buttressed by a 3.5% jump in margins for machinery and equipment wholesaling.

"Inflation is sticky and accelerating. The core reading confirms a deeper structural trend, especially in services," said David Russell, global head of market strategy at TradeStation. "The Hormuz crisis is aggravating the problem, but this goes way beyond oil."


with tarrifs being ruled unconstitutional, why can some people look past a temporary military conflict and oil spike, but not the fact that the tariff's...that have been around for a while and should have been accounted for already, might go away?

not trying to be argumentative as I agree with the overall premise that oil is not the only issue and these inflation numbers are big trouble.

The problem with tariffs is they forced up prices which become sticky. Just because some importers eventually get a refund from the government doesn't mean that the downstream brand or retail outlet reduces their prices.

Businesses are making a ton of money. Just look at S&P 500 earnings. Wall Street is making bank while Main Street is struggling to pay the bills. It doesn't bode well for the political party in charge regardless of what the underlying real reasons might be.
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tysker
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In reply to MemphisAg1 • 8:45a, 5/13/26
AG
MemphisAg1 said:
That's an ugly picture. It shows what we know happened with the big Bidenflation that spiked in 2022 and 2023. Then it eased and wages gradually made up to recover some of the lost ground. But this latest inflation spike threatens to turn it upside down again. I hope not. I'm about to retire and have three sons in their mid 30's who are getting off to a good start in life. None of us want to be derailed by the inflation monster.

Sorry for the bad news, but if you voted for Trump, this was the expected outcome.
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Rapier108
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In reply to MemphisAg1 • 8:47a, 5/13/26
Yep, I'm still seeing vendors charging "tariff surcharges" even though the tariffs are gone.

I asked one when it would be removed, and their reply was it would not be as long as the threat of renewed tariffs continue.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
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Rapier108
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In reply to tysker • 8:47a, 5/13/26
tysker said:
MemphisAg1 said:
That's an ugly picture. It shows what we know happened with the big Bidenflation that spiked in 2022 and 2023. Then it eased and wages gradually made up to recover some of the lost ground. But this latest inflation spike threatens to turn it upside down again. I hope not. I'm about to retire and have three sons in their mid 30's who are getting off to a good start in life. None of us want to be derailed by the inflation monster.

Sorry for the bad news, but if you voted for Trump, this was the expected outcome.

But Harris would have been so much better, right?
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
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tysker
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In reply to Rapier108 • 8:51a, 5/13/26
AG
Rapier108 said:
tysker said:
MemphisAg1 said:
That's an ugly picture. It shows what we know happened with the big Bidenflation that spiked in 2022 and 2023. Then it eased and wages gradually made up to recover some of the lost ground. But this latest inflation spike threatens to turn it upside down again. I hope not. I'm about to retire and have three sons in their mid 30's who are getting off to a good start in life. None of us want to be derailed by the inflation monster.

Sorry for the bad news, but if you voted for Trump, this was the expected outcome.

But Harris would have been so much better, right?

Both were ****ty choices. People voting for free stuff (housing bailouts, covid, welfare, medicare/medicaid) and less responsibility is the driver. Trump and Harris are giving voters what they want.

I suspect many posters on this board would have been better than both.
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tysker
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In reply to MemphisAg1 • 8:54a, 5/13/26
AG
Quote:
Wall Street is making bank while Main Street is struggling to pay the bills.

By "wall street" you mean people who have 401(k)s and homes.
Asset holders are doing great in this K-shaped economy
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Silent For Too Long
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In reply to BigRobSA • 8:59a, 5/13/26
[Engage in the subject of the thread or don't. That is up to you. However, taking shots at other users wanting to talk about various political subjects and news of the day is disrespectful, trolling, and thread derailing. -Staff]
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Moe Jzyslak
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In reply to Silent For Too Long • 9:00a, 5/13/26
AG
[Engage in the subject of the thread or don't. That is up to you. However, taking shots at other users wanting to talk about various political subjects and news of the day is disrespectful, trolling, and thread derailing. -Staff]
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will25u
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9:03a, 5/13/26
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FWTXAg
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9:05a, 5/13/26
AG
Make sure you have a sizable emergency fund in liquid cash. Things are about to get very bumpy.
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BrazosDog02
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In reply to Rapier108 • 9:06a, 5/13/26
AG
Rapier108 said:
Explains why more and more vendors are refusing to honor pricing for more than a week, if they will honor it at all. Either it ships the same day, or it can be subject to a price increase.

Also, the fuel surcharges being slapped on everything by UPS, FedEx, and freight carriers has gone sky high. On some of my FedEx Express shipments, the fuel surcharge is as high or higher than the regular shipping charge.


Yep. All of this political crap has a consequence. My customers are paying for 3 price increases since the Iran thing started. Plus fuel surcharges. Even I charge for fuel now. My contracts are good for 7 days. If you don't sign by then the price is re evaluated. On the construction side that can be a huge price increase because someone's sluggish.
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Helicopter Ben
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In reply to tysker • 9:06a, 5/13/26
tysker said:
Rapier108 said:
tysker said:
MemphisAg1 said:
That's an ugly picture. It shows what we know happened with the big Bidenflation that spiked in 2022 and 2023. Then it eased and wages gradually made up to recover some of the lost ground. But this latest inflation spike threatens to turn it upside down again. I hope not. I'm about to retire and have three sons in their mid 30's who are getting off to a good start in life. None of us want to be derailed by the inflation monster.

Sorry for the bad news, but if you voted for Trump, this was the expected outcome.

But Harris would have been so much better, right?

Both were ****ty choices. People voting for free stuff (housing bailouts, covid, welfare, medicare/medicaid) and less responsibility is the driver. Trump and Harris are giving voters what they want.

I suspect many posters on this board would have been better than both.

I think it goes a lot deeper than that. Sure dem voters are voting for free stuff and no responsibility. But I think a lot of Trump voters thought we would actually get meaningful change. Or at least they hoped we would. Everyone keeps saying he's so extreme but turns out this administration is a whole lot like all the others. More spending and a bigger government…just a different flavor of **** sandwich.

No new wars. Mass deportations. Lower inflation. Draining the swamp. Cutting waste fraud and abuse, America first…starting to look like we will not be getting any of that. It's not hard to see why there's a growing sentiment of disillusionment .
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infinity ag
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9:09a, 5/13/26
But but but our administration put out numbers last weel last month that inflation was way down, and Trump even said in a meeting that inflation was zero..

So you must be wrong if you think prices are too high.
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No Spin Ag
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9:09a, 5/13/26
Lol at the poors that are affected by little jumps like this.

I mean, if it affects people that much they should just a part time job. Then, when everything comes back down (we all know they won't, but let's pretend - hard) they can drop that job and go back to normal.

Thoughts on people working more to make ends meet or prices going back down after they go up?
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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