Producer Price Index on par with market expectation
The Producer Price Index for May came in at 10.8 percent.
That was within market expectations, after last month’s reading of 11 percent, but when you break down the numbers month over month, costs went up 0.8 percent. That is double the increase for April.
The Producer Price Index measures the increase in prices for the wholesaler. It is a leading indicator, meaning the increases have not yet been passed along to the consumer.