US Producer Prices Rebound Less Than Expected in May
U.S. producer prices increased less than expected in May, restrained by lower costs for services like air fares.
The producer price index for final demand rebounded 0.1% last month after a revised 0.2% decline in April, the Labor Department's Bureau of Labor Statistics said on Thursday.
Economists polled by Reuters had forecast the PPI rising 0.2% after a previously reported 0.5% drop in April.
In the 12 months through May, the PPI advanced 2.6% after rising 2.5% in April.
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