U.S. Producer Prices jump in May, PPI up 1.1% month, 6.5% year
financeJun 11, 202635244
The U.S. Bureau of Labor Statistics reported the final‑demand Producer Price Index rose 1.1 percent in May and 6.5 percent year over year, the largest annual increase since November 2022. Energy led the gain, with gasoline up 23.4 percent and final‑demand goods logging their largest monthly increase on record. Economists had expected a 0.7 percent monthly rise, while core final‑demand PPI excluding food, energy and trade services climbed 0.8 percent, both stronger than forecasts. Stronger wholesale inflation raises the likelihood of higher consumer inflation and complicates the Federal Reserve’s effort to return price growth to target.
