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 ...
CNN
US wholesale inflation rose sharply last month as Iran oil shock continues to drive up business costs
US consumers are facing the fastest price inflation they’ve seen in three years. It likely hasn’t yet peaked. New data Thursday showed that input costs for American businesses are still rising quite ...
US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022
U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices. The Labor ...
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 ...
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 ...