In the US, wholesale prices fall in May, signalling easing inflation
June 13, 2024
Wholesale prices unexpectedly fell in May, another sign that inflation is moderating. The Producer Price Index (PPI), which measures the prices received by producers in the market for goods and services, fell 0.2% during the month, the U.S. Department of Labor’s Bureau of Labor Statistics said today. That decline reversed April’s 0.5% increase and contrasts with the Dow Jones’ 0.1% growth forecast. PPI excluding food, energy, and trade services was unchanged, versus expectations for a 0.3% increase.
