Finance Powered by Trendolizer

Wholesale inflation surges in May due to higher oil prices, PPI show

Trending story found on www.marketwatch.com
Wholesale inflation surges in May due to higher oil prices, PPI show
Wholesale costs in the U.S. surged in May against the backdrop of rising oil prices, adding upward pressure on inflation in a steadily growing economy marked by supply bottlenecks and a growing shortages of skilled labor. The producer price index jumped 0.5% in May.
[Source: www.marketwatch.com] [ Comments ] [See why this is trending]

Trend graph:

Comments