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Companies could be absorbing tariff-driven price increases rather than passing costs onto consumers.
An employee works on an assembly line at startup Rivian Automotive’s electric vehicle factory in Normal, Ill. Reuters/Kamil Krzaczynski/File Photo
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The producer price index (PPI)—a measure of prices paid by businesses for goods and services—rose less than expected in May, signaling that tariff-related inflation effects have yet to materialize.
According to the Bureau of Labor Statistics, the PPI increased by 0.1 percent last month, following an upwardly revised 0.2 percent decline in the previous month. Goods inflation jumped 0.2 percent, while services rose 0.1 percent.
