US: PPI rose 0.5% MoM in May

FXstreet.com (Edinburgh) - The Labour Department reported that Producer Prices rose 0.5% MoM during May, bettering expectations at 0.1% and April’s 0.7% drop. Over the last twelve months, prices rose 1.7%, surpassing estimates at 1.4%.

Ex food and energy, wholesale prices remained at 0.1% MoM and 1.7% YoY.