inflation, CPI
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The latest Producer Price Index, a closely watched measurement of wholesale inflation, rose 0.1% in May, lifting the annual rate to 2.6%, according to Bureau of Labor Statistics data released Thursday.
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Treasury yield jumped 6.9 basis points on Friday to $4.426, reversing a dip in the immediate aftermath of the attacks.
May's CPI inflation data was uneventful. Check out if underlying trends could signal a shift toward higher inflation or not.
Wholesale inflation in May came in lower than economists projected as price pressures from President Donald Trump's tariff policies again failed to show up in the economic data.
The British public's expectations for inflation over the medium term remained at their highest in several years although short-term expectations fell, according to a Bank of England survey on Friday ahead of its interest rates decision next week.