Producer Prices Shot Up 6%, Adding Pressure On Companies To Hike Prices For Struggling Customers
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Producer prices rose the most since December 2022 amid President Donald Trump's Iran war. WASHINGTON (AP) — U.S. wholesale inflation came in hot last month. 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. The Labor Department reported Wednesday that its producer price index — which tracks inflation before it hits consumers — shot
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