logo
PPI_chart_01
PPI, a measure of the prices paid to producers of goods and services, jumped in line with Dow Jones estimates and doubled the 0.4% pace in April

Wholesale prices jumped 10.8% in May, near annual record high

Monthly gain was in line with estimates, and annual increase was slightly off from March high

By Arghyadeep Dutta
Published - Jun 14, 2022, 02:59 PM ET
Last Updated - Mar 04, 2024, 03:00 PM EST

• Monthly gain was in line with estimates, and annual increase was slightly off from March high

• PPI is vital as wholesale prices will reflect on consumer prices

Wholesale prices jumped briskly in May as inflationary pressures mounted on the US economy.

The Bureau of Labor Statistics on Tuesday said the producer price index (PPI) rose 0.8% for the month and 10.8% over the past year.

Quick Links
Categories
Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
4.2 12182024