US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022

Business

Us Producer Prices Spike In May As Soaring Energy Prices Fuel Largest Yearly Jump Since 2022

By AP News

WASHINGTON (AP) — U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported Thursday that its producer price index — which captur ...Read more