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Economics1h 46m ago

Business inflation in May surged to its highest level since late 2022, as high fuel prices triggered by the war with Iran ripple across the U.S. economy.

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U.S.

Who
Bureau of Labor Statistics, President Donald Trump, E.J. Antoni, Stephen Juneau, Christine Lagarde
What
Business inflation in May surged to its highest level since late 2022, as high fuel prices triggered by the war with Iran ripple across the U.S. economy.
When
Thu, 11 Jun 2026 18:14:43 GMT · 1h 46m ago
Where
U.S. ·
Why
High fuel prices triggered by the war with Iran are rippling across the U.S. economy, causing business inflation to surge.
The Frontline Impact

How this affects you

The Producer Price Index rose 1.1% month-over-month and 6.5% year-over-year, its largest 12-month rise since November 2022, primarily due to surging energy costs. This data is likely to influence the Federal Reserve's decision on interest rates, with traders projecting a rate hike by December.

Story chain

7 events in this thread
  1. Currently Reading1h 46m ago
    Business inflation in May surged to its highest level since late 2022, as high fuel prices triggered by the war with Iran ripple across the U.S. economy.
  2. Economics1h 46m ago
    Business inflation in May surged to its highest level since late 2022, as high fuel prices triggered by the war with Iran ripple across the U.S. economy.
    Open article
  3. Economics2h 51m ago
    U.S. producer prices surged in May, marking the largest annual hike in over three years due to rising energy costs amid Middle East tensions.
    Open article
  4. Economics3h 27m ago
    US producer prices rose more than expected in May, recording their biggest annual increase in three-and-a-half years.
    Open article
  5. Economics5h 5m ago
    U.S. producer prices significantly increased in May, marking the largest gain in 3.5 years according to the Labor Department.
    Open article
  6. Economics5h 16m ago
    High energy prices pushed US wholesale inflation, as measured by the Producer Price Index (PPI), to accelerate in May, climbing 6.5 per cent annually.
    Open article
  7. Economics5h 17m ago
    US wholesale inflation, as measured by the Producer Price Index, accelerated in May on the back of an oil shock, rising 1.1% monthly and 6.5% annually.
    Open article

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