Wholesale Prices Surged 4% Last Month

“U.S. wholesale prices surged last month as the Iran war drove up the cost of energy,” the AP reports.

“The Labor Department reported Tuesday that its producer price index — which measures inflation before it hits consumers — rose 0.5% from February and 4% from March 2025. The year-over-year gains was the biggest in more than three years. Energy prices surged 8.5% from February.”