In May, wholesale prices in the United States rose by 1.1% month-on-month, marking the largest increase since 2022

According to Jinshi, the wholesale prices in the U.S. in May saw the largest consecutive increase since 2022, with the PPI rising by 1.1% month-on-month, exceeding market expectations of 0.7%. Over the past 12 months, wholesale prices have increased by 6.5%, marking the largest annual increase since the end of 2022. Despite rising costs, businesses have not fully passed on the new expenses to customers, who are showing resistance to paying more. Steve Rick, the chief economist at financial services provider TruStage, stated that inflation is becoming difficult to fully eliminate.