Wholesale inflation climbs 10.8% in May

• June 14, 2022
• realestatelife
• Business & Markets, Interest Rates, Politics & Economy, Real Estate Finance, World News, Your Real Estate Life

The Labor Department said Tuesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, climbed 10.8% in May from the previous year. On a monthly basis, prices grew by 0.8%.