U.S. Wholesale Prices Surged 4% Last Month After The War In Iran Sent Energy Prices Soaring
Cătălin Roșioru
The surge in prices complicates the work of the inflation fighters at the Federal Reserve, who have faced intense pressure from Trump to lower their benchmark interest rate. WASHINGTON (AP) — 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 0.5% from February and 4% from March 2025. The year-over-year gains was the biggest in more
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