Wholesale prices in the United States rose sharply in April, pushed by a surge in energy costs related to the Iran war, registering their highest 12-month increase in more than three years. The wholesale prices came a day after US consumer inflation also came in at a three-year high, registering at 3.8 percent year-on-year in April.

Higher inflation has persisted as rising prices pressure consumers.

U.S. consumer prices climbed a sharply again last month as the 10-week war with Iran pushed energy prices higher.