CNN —
US wholesale inflation rose slightly in May, driven in part by costlier goods; however, tariff-related effects were largely muted.
The latest Producer Price Index, a closely watched measurement of wholesale inflation, showed that prices paid to producers rose 0.1% in May, lifting the annual rate to 2.6%, according to Bureau of Labor Statistics data released Thursday.
Economists were expecting that prices would rise 0.2% from April and 2.6% for the 12 months ended in May.
Economists warn, however, that President Donald Trump’s sweeping tariffs are expected to eventually result
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