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US Wholesale Inflation Jumps as Iran Oil Shock Drives Up Costs

|United States, Iran|1 independent sources

Published by WarSignal Editorial · Last updated

U.S. wholesale inflation rose sharply last month, according to the latest data, as the oil shock triggered by Iran continues to push up business costs.

The increase was driven by higher prices for energy and other goods, reflecting the ongoing impact of Iran’s oil disruptions on the U.S. economy.

The data underscore the broader economic pressure that the oil market volatility is exerting on American businesses.

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US Wholesale Inflation Jumps as Iran Oil Shock Drives Up Costs | WarSignal