US PPI rises 0.1% to 2.6% in May, lower than expectations

The producer price index (PPI) in the United States ticked up 0. 1% in May, lifting the annual rate to 2. 6%, a slower climb than what analysts predicted, according to figures released Thursday by the Bureau of Labor Statistics. Economists surveyed by Bloomberg had expected a 0. 2% increase, but the monthly rise came in weaker. The […] source: https://www.cryptopolitan.com/us-ppi-rises-0-1-to-2-6-in-may/