U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices.

Inflation has surged to its highest level in more than three years since the U.S. and Israel launched their war on Iran, triggering a surge in gasoline prices.

Consumers and U.S. workers are feeling the pinch of a wage growth rate that lags behind the rate of inflation.

US inflation climbed to a fresh three-year high in May, driven largely by rising energy prices linked to global supply disruptions following the Iran conflict, according to…

The consumer price index increased 4.2% in the 12 months through May, boosted by surging prices for energy products amid the West Asia conflict, and giving more ammunition for the…