A report released by the Labor Department on Thursday showed U.S. producer prices increased by more than expected in the month of June.
The Labor Department said its producer price index for final demand jumped by 1.1 percent in June after climbing by an upwardly revised 0.9 percent in May.
Economists had expected producer prices to increase by 0.8 percent, matching the advance originally reported for the previous month.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.