Wholesale inflation surged 1.1% in May, more than expected
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June 11 (UPI) -- The producer price index for final demand services and products increased by 1.1% in May, pushing annual wholesale inflation to 6.5%, the Bureau of Labor Statistics reported Thursday. Almost 80% of May's wholesale inflation surge comes from the 2.8% increase in the final demand goods index. The increase in the index for final demand goods was the largest since the bureau began collecting data in 2009. More than half of the increase in final demand products stems from a more
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