Electronic components are driving up the PPI index, with the PPI hitting its highest level since November 2022

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