US PPI ticks up 0.1pc in May

(Sharecast News) - US producer prices ticked up 0.1% month-on-month in May, according to the Bureau of Labor Statistics, following an upwardly revised 0.2% drop in April and below expectations of a 0.2% increase. Prices for goods increased 0.2%, while prices for services edged up 0.1%.

On an annualised basis, producer prices increased 2.6%, in line with expectations, following April's upwardly revised 2.5% increase.

Core producer prices increased 0.1%, below forecasts of a 0.3% increase, while the annual core rate slowed to 3% from 3.2%, versus expectations of 3.1%.



Reporting by Iain Gilbert at Sharecast.com