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

by LJ News Opinions
June 11, 2026
in Business
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WASHINGTON (AP) — U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported Thursday that its producer price index — which captures inflation before it reaches consumers — jumped 6.5% from May 2025. It…

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