Data compiled by Woofun AI shows that US wholesale prices climbed 1.1% month-on-month in May, representing the most significant monthly expansion since 2022. This surge surpassed market expectations of 0.7%, while the annualized rate reached 6.5%, the highest yearly increase recorded since late 2022.

Despite these escalating input costs, enterprises have been unable to fully transfer expenses to end-users, who are demonstrating notable resistance to higher prices. Steve Rick, chief economist at TruStage, indicated that this dynamic suggests inflation remains persistent and challenging to eradicate completely.