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U.S. wholesale prices rose 1.1% month-over-month in May, the largest increase since 2022

MarsBitNews
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Mars Finance News, according to Jintiao, the U.S. wholesale prices in May saw the largest consecutive increase since 2022, with PPI rising by 1.1% month-on-month, exceeding market expectations of 0.7%. Over the past 12 months, wholesale prices increased by 6.5%, the largest annual gain since the end of 2022. Despite businesses facing rising costs, they have not fully passed the additional expenses onto customers, who show resistance to paying more. Steve Rick, Chief Economist at financial services provider TruStage, stated that inflation is becoming difficult to fully eliminate.
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