Higher gas prices sent wholesale inflation soaring last month, likely signaling more pain ahead for consumers
CNN
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The war with Iran is squeezing US businesses at a rate not seen in nearly four years, and it’s likely to cause them to raise prices for consumers even more.
US wholesale inflation hits 6%
- Iran War Sends Gas Prices Higher, Lifting U.S. Inflation To 3.8% Annually 📹 CNBC — · 2min
- BREAKING: April inflation rate surges to 3.8% 📹 NBC News — · 5min
- Inflation spikes to 3.8 percent in April, higher than expected The Hill —
- Inflation could hit 4% next month and stay elevated for rest of year, economist warns PBS —
- Energy cost spike from Iran war sends inflation soaring to highest level in nearly 3 years 📹 CBS News — · 4min