US producer prices rose 2.6% annually in May, matching market expectations, with a modest 0.1% increase from April, the US Bureau of Labor Statistics reported.
Producer prices in the United States increased by 2.6% year-on-year in May, in line with analysts’ forecasts, according to data released Thursday by the US Bureau of Labor Statistics. This marks a slight acceleration from the 2.4% rise recorded in April. On a monthly basis, producer prices edged up by 0.1%. The increase was driven mainly by a 0.1% rise in prices for final demand services and a 0.2% growth in final demand goods. Additionally, prices excluding food, energy, and trade services also saw a marginal increase of 0.1% in May.
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