Wholesale inflation rose in March to three-year high
Fast-rising oil prices sent US businesses’ costs higher in March, lifting wholesale inflation to 4%, the highest annual rate in three years, according to Bureau of Labor Statistics data released Tuesday.
US Wholesale Prices Rise Less Than Forecast Despite Energy
US wholesale prices rose by less than expected in March, despite a surge in energy costs tied to the Iran war.
Wholesale prices slowed to 0.5%; energy index jumped 8.5%
The producer price index for final demand goods and services rose by about half of what was expected in March despite concerns raised by the Iran war.
US wholesale prices surged 4% last month after the war in Iran sent energy prices soaring
U.S. wholesale prices surged last month as the Iran war drove up the cost of energy. The Labor Department reported Tuesday that its producer price index — which measures inflation before it hits consumers — rose 0.
The Edge Singapore
US wholesale prices rise less than forecast despite energy crunch
US wholesale prices rose by less than expected in March, despite a surge in energy costs tied to the Iran war with the producer price index rising 0.5% after a revised 0.5% increase in February.