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Higher energy costs drive producer price surge
Cost pressures are spreading through the supply chain.
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forbes.com
Consumer Prices Rose 4.2% In May—Highest Inflation Since 2023
Inflation worries remain as employment data has surpassed expectations.
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economictimes.indiatimes.com
China's factory inflation hits 3-year high as energy costs surge
China's producer inflation rose to a near three-year high of 3.9% in May, driven by higher energy costs and AI-related demand, while consumer inflation stayed at 1.2%. Economists…
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oilprice.com
Energy Prices Drive U.S. Inflation To Three-Year High | OilPrice.com
U.S. inflation climbed above 4% for the first time in three years in May as rising energy costs tied to the Iran war pushed consumer costs sharply higher
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pbs.org
As Iran war drags on, spiking energy prices send inflation to 3-year high
Spiking energy prices sent inflation to a three-year high in May, up 4.2% annually. The Labor Department said the cost of energy was responsible for over 60% of the increase. Core…
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supplychaindive.com
Inflation jumps 4.2%, spurred by war-induced surge in energy prices
Rising prices have begun to erode gains in real wages in recent years and weaken consumer purchasing power for all goods and services.
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apnews.com
US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022
U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices.
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cnbc.com
Wholesale prices rose 1.1% in May, more than expected, on surge in energy
The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.
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cnn.com
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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zerohedge.com
Core Producer Prices Cooler Than Expected In April, Goods Costs Jump Most On Record
...Energy costs are surging (memory costs dipped)...
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thestar.com
US producer prices rose 6.5% in May on higher energy prices, largest yearly jump since November 2022
WASHINGTON (AP) — U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices.
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benzinga.com
Hormuz Energy Shock Lifts Producer Inflation To 6.5%, Highest Since December 2022
The headline Producer Price Index climbed from 5.7% year-over-year in April to 6.5% in May, topping economist expectations of 6.4% — the hottest reading since December 2022.
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washingtonexaminer.com
Inflation spiked to 6.5% in May in producer index, highest since 2022
Economists have been closely examining economic reports given the ongoing war with Iran and concerns about higher overall inflation.
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straitstimes.com
US wholesale prices jump 6.5%, highest since late 2022
Month-on-month prices rose by 1.1 per cent, which was higher than market expectations. Read more at straitstimes.com. Read more at straitstimes.com.
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nbcnews.com
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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upi.com
Wholesale inflation surged 1.1% in May, more than expected - UPI.com
The producer price index increased by 1.1% in May, pushing annual wholesale inflation to 6.5%, the Bureau of Labor Statistics reported Thursday.
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cbsnews.com
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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axios.com
Higher energy costs drive producer price surge
Cost pressures are spreading through the supply chain.