Wholesale prices rose 10.8% in May, near a record annual pace
The producer price index rose 0.8% for the month and 10.8% over the past year.
The monthly gain was in line with estimates and the annual gain was slightly off the record 11.5% hit earlier this year.
The data is significant in that prices at the wholesale level feed through to consumer prices.
BUILD BACK BETTER!!!11!!!!!eleventy!!!!
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The producer price index rose 0.8% for the month and 10.8% over the past year.
The monthly gain was in line with estimates and the annual gain was slightly off the record 11.5% hit earlier this year.
The data is significant in that prices at the wholesale level feed through to consumer prices.
BUILD BACK BETTER!!!11!!!!!eleventy!!!!
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Wholesale prices rose 10.8% in May, near a record annual pace
Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported.