2024-06-07 09:40:00 ET
Summary
- Average prices charged for goods and services continued to rise worldwide at an elevated rate by historical standards in May.
- The headline prices charged index registered 53.3, with any index reading above 50 signaling a rise in prices compared to the prior month.
- The rise in selling prices reflected a further increase in firms' input costs, which rose worldwide in May at the joint-fastest rate seen over the past eight months.
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Global PMI Shows Price Momentum Cooling For Services But Reviving For Basic Materials