The producer price index increased by 1.1% in May, pushing annual wholesale inflation to 6.5%, the Bureau of Labor Statistics reported Thursday.

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.

Consumer prices for the year ending in May rose by 4.2%, the fastest inflation rate in three years, the Bureau of Labor Statistics reported Wednesday.