Producer prices shot up 6%, adding to pressure on companies to raise prices for customers

Producer prices shot up 6%, adding to pressure on companies to raise prices for customers

WASHINGTON (AP) — U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, most since December 2022, as the 10-week Iran war pushed up energy prices and put pressure on companies to pass along higher costs to consumers. The Labor Department reported Wednesday th...

Redirecting to full article...