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Electronic components are driving up the PPI index, which has hit its highest level since November 2022
Svmuu reported that the PPI inflation rate surged to 6.5% in May, exceeding the expected 6.4% and reaching its highest level since November 2022. The core PPI inflation rate stood at 4.9%, unchanged from the revised level in April. PPI inflation has now reached levels seen during the pandemic stimulus period, and the likelihood of interest rate hikes continues to rise.
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Source：Odaily · Source Link
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