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June 12, 2026

Producer prices spike in May

WASHINGTON (AP) — U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging 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.


 
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