Wholesale inflation picked up in August, as energy costs kept rising
Inflation at the wholesale level accelerated last month, as the US war with Iran pushed up energy prices.
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U.S. wholesale inflation hits 5.4% annually in August 2026
The producer price index climbed 0.4% for the month, driven by a 4.2% surge in energy prices
ECB raises interest rates again amid Iran war inflation pressure
The ECB raised its deposit rate to 2.5% on Thursday, its second hike since the U.S.-Iran war sent energy prices surging