New Overnight Developments Abroad - Daily Update
Eye-Popping U.S. Producer Price Jump as Strait of Hormuz Stays Closed to Traffic
May 13, 2026
U.S. producer prices in April leaped 1.4% on month the most in 44 months and trippling market expectations. Year-on-year PPI inflation, which had receded from 11.7% at peak in the summer of 2022 to a mere 0.3% in mid-2023 and which began this year at 3.1% in January, increased 1.7 percentage points to a 49-month […] More
