- US wholesale inflation rose 1.1% in May, driven largely by war-related oil price spikes from Iran.
- The annual Producer Price Index reached 6.5%, the highest rate seen in more… [+2761 chars]
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US wholesale inflation rose sharply last month as Iran oil shock continues to drive up business costs - CNN
US businesses’ input costs are rising rapidly as the Iran war’s oil shock continues to ripple through the economy.
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