US producer prices rise modest 2.6% in May with inflationary pressures still mild
WASHINGTON — U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild.
The Labor Department reported Thursday that its producer price index — which measures inflation before it its consumers — rose 2.6% in May 2024. Producer prices rose 0.1% from April to May after dropping 0.2% the month before.
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