Similar story following on the heels of the CPI report yesterday.
Higher energy costs from the Iran war are a key driver, but note that ex-fuel & food PPI is still up 4.9% YoY.
https://finance.yahoo.com/economy/policy/articles/us-producer-prices-rose-6-124151813.html
Higher energy costs from the Iran war are a key driver, but note that ex-fuel & food PPI is still up 4.9% YoY.
Quote:
U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war.
The Labor Department reported Thursday that its producer price index which captures inflation before it reaches consumers jumped 6.5% from May 2025.
Inflationary pressures, intensified by the energy shock caused by the Iran war, are frustrating Americans five months before midterm elections that will determine whether President Donald Trump's Republicans keep full control of Congress.
Excluding volatile food and energy prices, so-called core wholesale prices rose 0.4% from April and 4.9% from May 2025.
https://finance.yahoo.com/economy/policy/articles/us-producer-prices-rose-6-124151813.html