WORLD US 12-month producer prices jump to record 6.6% in May

WORLD

US 12-month producer prices jump to record 6.6% in May

AFP

23:17, June 15, 2021

Producer prices for the past year spiked in May to 6.6 percent, the highest in the history of the data set dating back to 2010, the US Labor Department said Tuesday.

File photo: AFP

Compared to April, the producer price index (PPI) rose 0.8 percent, seasonally adjusted, far more than economists had expected.

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