Producer prices shot up 6%, adding pressure on companies to hike prices for struggling customers
Producer prices rose 6% from a year earlier, the highest point in more than three years, as the Iran war pushes up energy prices and intensifies pressure on companies to pass along their rising costs to consumers.
US producer prices rise at fastest pace since November 2022
US producer prices rose in May at the fastest pace in more than three years as the fallout from the Iran war continued to fan inflation pressures.
MyNorthwest.com
Producer prices shot up 6%, adding to pressure on companies to raise prices for customers
WASHINGTON (AP) — U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, most since December 2022, as the 10-week Iran war pushed up energy prices and put pressure on companies to pass along higher costs to consumers.
US consumer prices rise in May in line with predictions
A report released by the US Labor Department on Wednesday showed consumer prices in the United States rose by 0. 5% in May after climbing by 0.
U.S. inflation hits 3-year-high
The U.S. saw its highest inflation since April 2023 in May, according to the latest numbers from the Bureau of Labor Statistics. Kelly O'Grady has more.