Wholesale inflation surges again and keeps the pressure on businesses and the U.S. economy

Dow Jones06-11

MW Wholesale inflation surges again and keeps the pressure on businesses and the U.S. economy

By Jeffry Bartash

Producer price index records biggest back-to-back increases since 2022

Wholesale prices are going up, up, up.

Wholesale prices in May posted the biggest back-to-back increases since 2022 and kept the pressure on businesses as they try to navigate another wave of U.S. inflation.

The producer price index climbed 1.1% last month to match the increase in April, the government said Thursday. Wall Street had forecast a 0.7% increase.

Wholesale prices have risen 6.5% in the past 12 months to mark the largest one-year advance since late 2022.

Even with their own costs rising, businesses so far have not tried to pass everything through to their customers.

Consumer inflation rose 4.2% in the past year, and a measure that omits energy has risen a more modest 2.9%.

Still, some of the increase in wholesale prices is bound to make its way to customers. Wholesale prices are where inflation shows up first, and these prices tend to hint at future changes in what consumers pay.

Market reaction: The Dow Jones Industrial Average DJIA and S&P 500 SPX were set to open higher in Thursday.

-Jeffry Bartash

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June 11, 2026 08:42 ET (12:42 GMT)

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