Key Takeaways U.S. PPI jumped 6% year-over-year in April 2026, the biggest gain since December 2022, driven largely by energy costs. Gasoline prices climbed 15.6%, and energy goods rose 7.8%, both tied directly to Strait of Hormuz disruptions from the U.S.-Israel-Iran war. Trump told reporters that Americans’ financial hardships are “not even a little bit” a factor in his push for a nuclear deal with Iran. Gasoline Prices Jump 15.6% in April as Iran War Drives Worst U.S. Wholesale Inflation in 3 Years The Bureau of Labor Statistics released the April Producer Price Index on Wednesday, May 13. Economists had …