# Cost of imports rose by 1.9% for the month of April, and 4.2% on a 12-month basis.

*business · news · 2026-05-15 · CNBC*

## Key points

- U.S. consumer price index inflation reached 3.8%, its highest since May 2023.
- Producer price inflation surged to a 6% annual rate, the highest since late-2022.
- April U.S. import prices jumped 1.9%, marking the biggest annual gain since October 2022.
- U.S. budget surplus for April fell 17% from the same month in 2025, signaling fiscal strain.
- Internationally, German, Japanese, and UK government bond yields all spiked sharply alongside U.S. yields.

**Countries:** United States, China, Germany, Japan, United Kingdom

[Read the full story on CNBC](https://www.cnbc.com/2026/05/15/treasury-yields-surge-as-inflation-data-points-to-tricky-rates-path.html)

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