Muted US Producer Prices Add to String of Tame Inflation Reports

US producer price inflation remained muted in May across the board, another sign that tariffs have yet to result in higher prices for consumers and businesses.

The producer price index rose 0.1% from a month earlier, according to a Bureau of Labor Statistics report released Thursday. The median forecast in a Bloomberg survey of economists called for a 0.2% increase. Excluding food and energy, the PPI also increased 0.1%.