Producer Price Index: Wholesale Inflation Cooler Than Expected in May

Wholesale inflation heated up in May but was still cooler than anticipated. The producer price index for final demand was up 0.1% month-over-month after falling 0.2% in April. This was lower than the expected 0.2% growth. On an annual basis, headline PPI increased 2.6%, up from 2.5% in April and consistent with the forecast.

Core PPI (excludes food and energy) rose 0.1%, up from -0.2% in April but lower than the expected 0.3% growth. On an annual basis, core PPI eased to 3.0% from 3.2% in April and was lower than the 3.1% forecast.

PPI - producer price index year over year