Wholesale prices (PPI) rose just 0.2% in April, less than estimated

• The producer price index, a measure of prices for final demand goods and services, increased 0.2%, against the Dow Jones estimate for 0.3%.

• Headline PPI rose just 2.3%, down from 2.7% in March and the lowest reading since January 2021.

• Excluding food and energy, the core PPI also rose 0.2%, in line with expectations.

• On an annual basis, the headline PPI increased just 2.3%, down from 2.7% in March and the lowest reading since January 2021.

• Portfolio management costs and gasoline prices helped push the increase, while a 37.9% plunge n chicken egg prices helped keep the number in check.

• In other news, weekly jobless claims jumped to 264,000, the highest reading since Oct. 30, 2021.

Though the PPI rise was less than expected, the services index increased 0.3%, the biggest move since November 2022, the Bureau of Labor Statistics report stated. The report showed that about one-third of the PPI services increase came from “portfolio management” services, which measures the prices for investment advice and increased 4.1%. Gasoline prices rose 8.4%, pushing the goods index higher by 0.2%.

CNBC article

Edit: thanks for the formatting help