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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, European Central Bank
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.
The Frontline Impact

How this affects you

The Producer Price Index rose 1.1% month-over-month from April to May, with 80% of the surge attributed to energy costs, impacting business expenses and consumer prices. This rise in inflation is expected to influence the Federal Reserve's decision on interest rates, with traders projecting potential hikes as soon as October.

Story chain

7 events in this thread
  1. 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
  2. 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.
  3. Economics2h 52m 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 28m 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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