Factory-gate prices increased 2.8 per cent last month and consumer prices were up 1.2 per cent, surpassing expectations as fuel costs rise.

China's consumer price index, a main gauge of inflation, rose 1.2 percent year-on-year in April, data from the National Bureau of Statistics showed on Monday.

China has cushioned the worst of the energy shock through its strategic oil stockpiles and a diversified mix of renewable energy sources.

Factory-gate prices increased 2.8 per cent last month and consumer prices were up 1.2 per cent, surpassing expectations as fuel costs rise.

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.

Labor Department figures showed that gasoline prices are up more than 28% compared to a year ago.

The key measure of US inflation rose in April to its highest level since May 2023 as consumers feel the impact of the Iran war.

The CPI report shows inflationary pressures tied to the Iran war are seeping into consumer prices.

Gasoline prices rose 5.4% during the month.

International Business News: US inflation rose in April to 3.8 per cent as surging fuel costs amid the ongoing Iran-US conflict drove up consumer prices, hitting a three-year high.

Here's some of the places where prices are rising fast for consumers.

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…

Producer prices rose the most since December 2022 amid President Donald Trump's Iran war.

U.S. wholesale inflation came in hot last month.