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United States producer inflation jumps to 6.5% in May, highest since November 2022

Producer inflation in the United States (US) as measured by the change in the Producer Price Index (PPI), climbed to its highest level since November 2022 at 6.5% in May, from 5.7% in April, the US Bureau of Labor Statistics reported on Thursday.

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Producer inflation in the United States (US) as measured by the change in the Producer Price Index (PPI), climbed to its highest level since November 2022 at 6.5% in May, from 5.7% in April, the US Bureau of Labor Statistics reported on Thursday.