Wholesale prices in the United States saw a larger-than-expected increase of 2.6% last month compared to a year earlier, indicating persistent inflation pressures. This rise, the most significant year-over-year increase since March 2023, contrasts with other indicators showing a gradual easing of inflation.
The Labor Department's producer price index, which monitors inflation before it impacts consumers, rose by 0.2% from May to June following a month of stagnation. Excluding volatile food and energy prices, core wholesale prices increased by 0.4% from May and 3% from June 2023.
