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Economics4h 3m ago
The Producer Price Index rose 1.1% in May, lifting the annual increase to 6.5%, which is the fastest pace since November 2022 and well above the 0.7% monthly gain economists had expected.
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US across the 50 states and Washington, DC
Who
US Bureau of Labor Statistics
What
The Producer Price Index rose 1.1% in May, lifting the annual increase to 6.5%, which is the fastest pace since November 2022 and well above the 0.7% monthly gain economists had expected.
When
Sat, 13 Jun 2026 14:15:47 GMT · 4h 3m ago
Where
US across the 50 states and Washington, DC ·
Why
Energy did most of the damage, as final demand goods climbed 2.8%, with energy prices up 10.7% and gasoline surging 23.4% as the Iran conflict keeps oil supply at risk.
The Frontline Impact
How this affects you
Higher producer prices can lead to increased consumer prices as businesses pass costs along, potentially eroding the purchasing power of cash and bonds, and weakening hopes for Federal Reserve rate cuts, which can negatively affect assets like Bitcoin.
Story chain
3 events in this thread- Economics4h 3m agoThe Producer Price Index rose 1.1% in May, lifting the annual increase to 6.5%, the fastest pace since November 2022.Open article
- Economics4h 3m agoThe Producer Price Index rose 1.1% in May, lifting the annual increase to 6.5%, with energy prices up 10.7% and gasoline surging 23.4%.Open article
- Currently Reading4h 3m agoThe Producer Price Index rose 1.1% in May, lifting the annual increase to 6.5%, which is the fastest pace since November 2022 and well above the 0.7% monthly gain economists had expected.