U.S. Producer Prices Jump 1.1% In May, More Than Expected

U.S. producer prices rose more than expected in May, partly due to a continued spike in energy prices. The report points to firmer inflationary pressure at the wholesale level, which could complicate the near-term inflation outlook. Markets may view the data as modestly hawkish for rates and inflation-sensitive assets.

Analysis

U.S. producer prices rose more than expected in May, partly due to a continued spike in energy prices. The report points to firmer inflationary pressure at the wholesale level, which could complicate the near-term inflation outlook. Markets may view the data as modestly hawkish for rates and inflation-sensitive assets.