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Economics4h 6m ago

High energy prices pushed US wholesale inflation, as measured by the Producer Price Index (PPI), to accelerate in May, climbing 6.5 per cent annually.

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Washington DC, US

Who
US President Donald Trump, US Federal Reserve chairman Kevin Warsh, European Central Bank (ECB), Bureau of Labour Statistics (BLS)
What
High energy prices pushed US wholesale inflation, as measured by the Producer Price Index (PPI), to accelerate in May, climbing 6.5 per cent annually.
When
Thu, 11 Jun 2026 14:45:13 GMT · 4h 6m ago
Where
Washington DC, US ·
Why
The rise in wholesale prices reflects price pressures from a hot energy market due to a prolonged closure of the Strait of Hormuz and ongoing conflict in West Asia.
The Frontline Impact

How this affects you

This increase marks the highest rise in wholesale inflation since November 2022, indicating a broader economic impact due to oil shocks and could test the newly appointed US Federal Reserve chairman.

Story chain

7 events in this thread
  1. Economics37m ago
    Business inflation in May surged to its highest level since late 2022, as high fuel prices triggered by the war with Iran ripple across the U.S. economy.
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  2. Economics37m ago
    Business inflation in May surged to its highest level since late 2022, as high fuel prices triggered by the war with Iran ripple across the U.S. economy.
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  3. Economics1h 42m ago
    U.S. producer prices surged in May, marking the largest annual hike in over three years due to rising energy costs amid Middle East tensions.
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  4. Economics2h 18m ago
    US producer prices rose more than expected in May, recording their biggest annual increase in three-and-a-half years.
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  5. Economics3h 56m ago
    U.S. producer prices significantly increased in May, marking the largest gain in 3.5 years according to the Labor Department.
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  6. Currently Reading4h 6m ago
    High energy prices pushed US wholesale inflation, as measured by the Producer Price Index (PPI), to accelerate in May, climbing 6.5 per cent annually.
  7. Economics4h 8m ago
    US wholesale inflation, as measured by the Producer Price Index, accelerated in May on the back of an oil shock, rising 1.1% monthly and 6.5% annually.
    Open article

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