South Korea's producer prices rose for the ninth consecutive month in May, increasing by 0.8% from April, primarily driven by higher petroleum and raw materials costs linked to the Middle East crisis. Year-on-year, prices were up 8.5%.
US producer prices rose 6.5% year-on-year in May, the highest annual increase in over three years, driven by soaring energy costs linked to the conflict between the US and Israel against Iran. Core PPI, excluding food and energy, increased by 0.4% monthly.
US producer prices rose 6.5% year-on-year in May, exceeding expectations due to soaring energy costs. Core inflation remained steady, but overall inflation hit a 13-month high, potentially leading companies to pass on costs and further fueling inflation.
US producer prices surged 6.5% year-over-year in May, exceeding expectations due to rising energy costs. Core inflation remained stable, but overall inflation hit a post-April 2023 high, potentially leading companies to pass on costs and fueling further inflation.
미국의 5월 생산자물가지수(PPI)가 전년 대비 6.5% 상승하며 3년반 만에 최대폭을 기록했다. 이는 에너지 가격 급등과 공급망 차질에 따른 것으로, 인플레이션 우려를 증폭시키며 연준의 금리 동결 또는 인상 가능성을 높이고 있다.
US producer prices surged 1.1% in May, exceeding economist expectations, driven by rising oil costs following the Iran conflict. This surge, alongside a 4.2% annual inflation rate, puts pressure on businesses and may soon impact consumers.
German producer prices rose 1.7% in April year-on-year, the largest increase in nearly three years, driven by a 35.5% surge in oil prices due to the Iran conflict. Natural gas and electricity prices decreased.
German producer prices saw their sharpest increase in nearly three years in April, driven by the oil price shock from the Iran war. Energy prices rose 2.0%, with mineral oil up 35.5%. This signals broader inflation.
China has cushioned the worst of the energy shock through its strategic oil stockpiles and a diversified mix of renewable energy sources.
SEOUL, April 22 (Yonhap) -- South Korea's producer prices rose at the fastest pa...
