US Producer Price Index surged to 6.5% YoY in May 2026, beating forecasts and hitting the highest level since November 2022, raising risks for crypto

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…

Rising gasoline prices are expected to push US CPI to 4.2% in May 2026, potentially the fastest inflation since April 2023, pressuring crypto markets.