U.S. April PPI tops forecasts, lifting Treasury yields and pressuring stock futures

U.S. producer prices rose more than expected in April, the Bureau of Labor Statistics said on May 13, 2026, fueling inflation concerns and sending Treasury yields higher while U.S. stock futures weakened. The producer price index increased 6.0% from a year earlier, above economists’ expectations for a 4.9% rise. The prior annual reading was revised to 4.3% from 4.0%. On a monthly basis, PPI rose 1.4%, compared with forecasts for a 0.5% gain, while the previous month was revised to 0.7% from 0.5%. Core PPI, which excludes volatile components, rose 5.2% year over year, topping expectations of 4.3%. Monthly core PPI increased 1.0%, above the 0.3% forecast. After the release, S&P 500 futures fell 0.04% and Dow futures declined 0.53%. The 10-year Treasury yield rose more than 1 basis point to 4.489%, its highest level since July 2025, while spot gold fell 0.71% intraday.