WASHINGTON (AP) — U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices.
The Labor Department reported Thursday that its producer price index — which captures inflation before it reaches consumers — jumped 6.5% from May 2025. It also rose 1.1% from April, same as it did the previous month.
Inflationary pressures, intensified by the energy shock caused by the Iran war, are frustrating Americans five months before midterm elections that will determine whether President Donald Trump's Republicans keep full control of Congress.
