Electronic components are driving up the PPI index, which has hit 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% and reaching its highest level since November 2022. The core PPI inflation rate stood at 4.9%, unchanged from the revised April figure. The PPI inflation rate has now reached levels seen during the pandemic stimulus period. The likelihood of interest rate hikes continues to rise.