U.S. wholesale prices surged 4% last month during the Iran war
Summary
U.S. wholesale prices rose 4% in March, influenced by increased energy costs due to the ongoing conflict in Iran. The producer price index showed its largest year-over-year increase in over three years.Key Facts
- U.S. wholesale prices increased by 4% from March 2025 to March.
- The producer price index is a measure of inflation before it affects consumers.
- Energy prices, a major factor in the increase, rose by 8.5% from February.
- Core producer prices, excluding food and energy, went up by 0.1% from February.
- Economists expected higher gains in wholesale prices than what occurred.
- The Iran conflict has contributed to higher energy costs.
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