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Wholesale prices see biggest spike since 2022 as energy costs climb
A surge in the Producer Price Index signals that businesses are paying more for goods and services, which could push up consumer costs.
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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.
