Headline PPI jumped by 0.4% in May,.........>

US DATA: Headline PPI jumped by 0.4% in May, beating market expectations for a

0.1% uptick, according to BBG estimates. The spike in headline PPI was driven by

a 1.6% increase in final demand goods, the largest since the index started in

November 2009. The BLS said two-thirds of the increase in final demand goods is

attributable to the 6.0% surge in final demand foods, which among other

increases, saw beef and veal prices jump by 69.1% and pork by 15.0%. Final

demand energy prices also climbed by 4.5%, with gasoline prices jumping by 43.9%

after April's -56.6% drop. The index for final demand less foods, energy, and

trade grew by 0.1% m/m, halting three straight months of decreases. PPI less

foods, energy, and trade also dropped -0.4% y/y, the biggest 12-month drop since

the index started in August 2013.