US PPI for final demand rose 0.8% mom in May, above expectation of 0.6% mom. Annually, PPI accelerated to 6.6% yoy, up from 6.2% yoy, above expectation of 6.4% yoy. That’s also the largest increase since 12-month data were first calculated in November 2010.
PPI less foods, energy and trade services, rose 0.7% mom, above expectation of 0.5% mom. For the 12-month ended in May, PPI accelerated to 5.3% yoy. That’s the largest increase since 12-month data were first calculated in August 2014.
