
Iranian oil shock pushes US wholesale inflation to multi-year high
US wholesale prices rose 1.1% in May, lifting the annual Producer Price Index to 6.5%—the highest in more than three years—driven largely by oil-price spikes tied to Iran. A core PPI rose 0.4% (4.9% annually), and excluding food and energy, the index climbed 0.8% for a four-year high. While wholesale costs don’t always pass directly to consumers, economists say inflationary pressures could continue weighing on households as gas prices stay elevated.













