Wholesale prices rose 1.1% in May, more than expected, on surge in energy
The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.
The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.
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The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.
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Oil prices jumped on Thursday after the United States launched a fresh round of military strikes against targets in Iran.
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Wholesale inflation surged to its highest level since late 2022, as fuel prices pushed higher by the war with Iran ripple across the economy.
Spot gold at $4,062/oz after U.S. May PPI rises 1.1%, core PPI up 0.4% teaser image