International
US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling
![US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling](https://img.etimg.com/thumb/msid-110972674,width-362,height-240,imgsize-217174,resizemode-4/news/international/world-news/us-wholesale-prices-dropped-in-may-adding-to-evidence-that-inflation-pressures-are-cooling.jpg)
The Labor Department reported Thursday that its producer price index - which tracks inflation before it reaches consumers - declined 0.2% from April to May after rising 0.5% the month before. Measured from a year earlier, wholesale prices were up 2.2% in May. Excluding volatile food and energy prices, so-called core producer prices were unchanged from April and up 2.3% from May 2023.
Red Sea crisis makes Zara and others hop on to belly space of passenger aircraft
Tensions in the Red Sea region prompt US and Europe-bound exporters to shift to air transport via Gulf nations. Major companies like Zara use freighters, while others utilize cargo space in passenger aircraft. As sea routes become less favorable, exporters opt for quicker options to meet demand. Collaborative efforts are crucial for efficient cargo transport operations.
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US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling
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