US PPI Rises Slightly in May, Inflation Remains Tame

The Producer Price Index (PPI) for the United States showed a modest increase of 0.1% in May, reaching an annual rate of 2.6%. This figure fell short of analysts’ expectations of a 0.2% rise, according to data released Thursday by the Bureau of Labor Statistics. Economists attribute this slow growth primarily to the expansion of DeFi applications and increasing investment from institutions, both factors driving up demand.