US wholesale prices surge 6.5% in May, biggest rise in 3.5 years
US producer prices posted their sharpest annual increase in three and a half years in May, as a prolonged blockade of the Strait of Hormuz amid the US-Iran war ...
Wholesale prices rose 1.1% in May, more than expected
The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.
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Producer price inflation hits 6.5%, but the Fed may still pause rate hikes — here’s why
The inflation story just got another plot twist. Fresh data from the U.S. Bureau of Labor Statistics showed May producer price inflation (PPI) jumped 6.5% year over year, higher than expectations of 6 ...
SFGate
US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022
WASHINGTON (AP) — U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported ...
Anadolu Ajansi
US producer inflation in May hits highest level since November 2022
US producer inflation rose more than expected in May, reaching its highest annual level since November 2022, according to data released Thursday by the Bureau of Labor Statistics. The Producer Price ...
24/7 Wall St
Producer Price Inflation Hits 6.5%, But the Fed May Still Pause Rate Hikes — Here’s Why
May PPI surged to 6.5%, but core PPI missed expectations at 4.9%, suggesting energy drove the spike rather than broad-based inflation. The Fed faces a tough choice: hike rates and risk slower growth, ...