Iran war ignites prices at the wholesale level in the US
AP News
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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.
Energy prices surged 8.5% from February.
Excluding volatile food and energy prices, so-called core producer prices rose a modest 0.1% from February and 3.8% from a year earlier.
The gains in wholesale prices were smaller than economists had forecast.
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US wholesale inflation data: Producer prices rise 4% as Iran war fuels energy surge, Fed faces policy dilemma
Times Of India —
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Producer-Price Index Climbed in March
Wall Street Journal —
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Wholesale prices rose 0.5% in March, much less than expected despite war impact
CNBC —
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US wholesale prices surged 4% last month as the Iran war sent energy prices soaring
The Independent —
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Wholesale inflation rose in March to three year-high
CNN —