Put

 

Wholesale prices rose 10.8% in May, near a record annual pace

 in laymen's terms?

It means there's more inflation on the way.

"The producer price index rose 0.8% for the month and 10.8% over the past year.

The monthly gain was in line with estimates and the annual gain was slightly off the record 11.5% hit earlier this year.

The data is significant in that prices at the wholesale level feed through to consumer prices."

"In line with estimates" Always trying to spin things in a positive manner.

"The monthly rise was in line with Dow Jones estimates and a doubling of the 0.4% pace in April."

(The subtlety of putting the line about it being in line with estimates first is trying to convince you it's not that bad..."Well it was inline with estimates honey" etc..."

"The consumer price index increased 8.6% annually in May, defying hopes that inflation had peaked in the spring.'

(Oh it was a hope alright as there wasnt any indicator out there that supported it.)

"Markets now expect the central bank to raise benchmark short-term borrowing rates by 75 basis points when their two-day meeting concludes Wednesday."

(Hello higher mortgage and credit card payments. 75 basis points is .75%)