Wholesale price measure rose just 0.1% in May, below forecast

Rick Santelli is standing by at the CME. Rick, take it away. Yes, Becky.These are wholesale inflation numbers in the form of the producer price index for the month of May. Up onetenth of a percent on headline. That is very much onetenth less than expectations.But do remember in the rearview mirror, we had the trifecta of negative numbers. We had minus half of 1% last month. That was a very big number, the worst since COVID or I should say the biggest drop.It isn't necessarily bad to see inflation going away ...