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US producer prices rose 6.5% in May on higher energy prices, largest yearly jump since November 2022
WASHINGTON (AP) — U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices.
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cbsnews.com
Inflation in May likely topped 4% for the first time in 3 years, economists say
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
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global.chinadaily.com.cn
US May CPI rises to highest level since May 2023
NEW YORK -- The US consumer price index (CPI) rose 4.2 percent year on year in May, marking its highest level since May 2023, as energy prices remained high, according to data…
