📰 The latest data from the U.S. Bureau of Labor Statistics (BLS) shows that the Producer Price Index (PPI) increased by 2.2% year-over-year in May, which is below market expectations. Observing the monthly change, the PPI declined by 0.2%.
💬 The core PPI (excluding the highly volatile food and energy categories) grew by 2.3% year-over-year in May, slightly below market estimates. The Dollar Index, after falling 0.5%, slightly rebounded to 104.85 on Thursday.
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