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ASSOCIATED PRESS · GLOBAL ·

US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022 - AP News

As reported by Associated Press
U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices. The Labor Department reported Thursday that its producer price index — which captures inflation before it reaches consumers — jumped 6.5% from Ma…
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