Electronic components are driving up the PPI index, which has hit its highest level since November 2022

the PPI inflation rate surged to 6.5% in May, exceeding the expected 6.4% and reaching its highest level since November 2022. The core PPI inflation rate stood at 4.9%, unchanged from the revised level in April. PPI inflation has now reached levels seen during the pandemic stimulus period, and the likelihood of interest rate hikes continues to rise.