WASHINGTON — The May producer price index printed up 1.4% overall, and core was 0.2% higher for a 7.2% overall increase and a 3.0% jump in the core over the year — not favorable numbers.

But PPI’s import should be diminished as the consumer price index is already in hand at plus-0.6%/plus-0.2% and the PPI numbers did not totally flow through.

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