Economic Buzz: US producer price index jumps 6.5% on yead

Wholesale prices edged up in the US as broad inflation pressures persisted. The producer price index rose a seasonally adjusted 0.3% for the month, the Bureau of Labor Statistics reported Friday. Stripping out food and energy, core PPI posted a 0.3% gain. On an annual basis, headline PPI accelerated 6.5%, up 0.2 percentage point and marking for the highest annual rate since November 2022.

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