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The inflation surge is hitting businesses, too
The Producer Price Index, which tracks costs businesses pay, rose at its fastest rate since 2022, adding to worries that higher energy costs tied to the war with Iran are mounting.
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npr.org
Inflation tops 4% for the first time in 3 years on spike in gasoline 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.
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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.
