Business News Asia
According to the U.S. Department of Labor, the producer price index (PPI) rose 0.8% in May from the previous month, following a 0.4% increase in April.
On a year-over-year basis, the PPI rose 10.8% in May, following an 11.0% increase in April.
Core PPI (excluding food and energy) rose 0.5% month-on-month, following a 0.4% increase in April.
On a year-on-year basis, the core PPI rose by 6.8%, after also increasing by 6.8% in April.