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US wholesale inflation rose sharply last month as Iran oil shock continues to drive up business costs | CNN Business
US businesses’ input costs are rising rapidly as the Iran war’s oil shock continues to ripple through the economy.
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nbcnews.com
May inflation is expected to have jumped as the Iran war sent prices higher
Consumers and U.S. workers are feeling the pinch of a wage growth rate that lags behind the rate of inflation.
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edition.cnn.com
Inflation set to top 4% for first time in three years on Iran war price shock | CNN Business
Inflation, as measured by the Consumer Price Index, is expected to run above 4% for the first time in three years because of the Iran war’s oil price shock.
