![US Producer Price Jump: Will CPI Follow Today?](https://cdn.statically.io/img/images.ctfassets.net/rbl6nw8n2c6i/6wl3iM9lWoWPURYlSe5Zh8/0f636069637650d18f909a23df0472f5/--15-05.png)
US Producer Price Jump: Will CPI Follow Today?
After US wholesale inflation hit its highest rate in a year at 2.2% in April 2024, traders may closely monitor today's Consumer Price Index (CPI) data to determine if there is a potential inflation spike. What does it mean for the US economy? Let’s take a closer look.