Electronic components are pushing up the PPI index, with PPI reaching its highest level since November 2022

Odaily Planet Daily News: The May PPI inflation rate surged to 6.5%, exceeding the expected 6.4%, marking the highest level since November 2022. The core PPI inflation rate stood at 4.9%, unchanged from the revised April level. PPI inflation has now reached levels seen during the pandemic stimulus period. The likelihood of interest rate hikes continues to rise.