Wholesale prices rose 1.1% in May, exceeding expectations The producer price index increased 1.1% in May, driven by higher costs. The 12-month wholesale inflation rate reached 6.5%, the highest since November 2022. Economists had expected a 0.7% monthly inc
Wholesale prices rose 1.1% in May, exceeding expectations
The producer price index increased 1.1% in May, driven by higher costs.
The 12-month wholesale inflation rate reached 6.5%, the highest since November 2022.
Economists had expected a 0.7% monthly increase, while core PPI rose 0.4%, below the consensus view of 0.5%.
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