Electronic components are pushing 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%, marking the highest level since November 2022. The core PPI inflation rate stood at 4.9%, flat compared to the revised figure for April. The PPI inflation rate has now reached levels seen during the pandemic stimulus period. The likelihood of an interest rate hike continues to rise.