The producer price index came in much higher than expected in May, signaling that U.S. consumers may face more inflation in the coming months. CBS News' Kelly O'Grady explains.
The producer price index came in much higher than expected in May, signaling that U.S. consumers may face more inflation in the coming months. CBS News' Kelly O'Grady explains.
<iframe src="https://statesidedaily.com/embed/cluster/36688a25bf5f46efeeb16576255a6d72cfd080c9" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Wholesale prices see biggest spike since 2022 as energy costs climb"></iframe>
A surge in the Producer Price Index signals that businesses are paying more for goods and services, which could push up consumer costs.
A surge in the Producer Price Index signals that businesses are paying more for goods and services, which could push up consumer costs.
