—
US wholesale inflation rose slightly in May.
The latest Producer Price Index, a closely watched measurement of wholesale inflation, showed that prices paid to producers rose 0.1% in May, lifting the annual rate to 2.6%, according to Bureau of Labor Statistics data released Thursday.
The upswing marked a turnabout from a 0.2% drop in April, which was driven largely by wholesalers and retailers’ margins being squeezed because of higher tariffs.
Economists were expecting that prices would rise 0.2% from April and 2.6% for the 12 months ended in May.
