#USPPIHits2.5YearHigh


The May Producer Price Index (PPI) report has officially shaken up macro expectations. The data reveals that wholesale inflation is accelerating more sharply than initially summarized, mainly driven by severe localized energy shocks.
Original data breakdown
The Bureau of Labor Statistics report emphasizes that overall wholesale inflation is rising rapidly, despite significant differences between energy-heavy commodities and core underlying indicators:
Overall PPI (year-over-year): rose to 6.5% (above the 6.4% expectation), the highest annual reading since November 2022
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ThisIsTranslateContent:
· 12h ago
Steadfast HODL💎
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ThisIsTranslateContent:
· 12h ago
Just charge forward 👊
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