Wholesale Prices Surge in Response to Iran War: March 2025 Inflation Report
Wholesale prices in the United States saw a significant increase last month due to the impact of the Iran war on energy costs. The Labor Department's producer price index, which tracks inflation at the wholesale level, rose by 0.5% from February to March 2025, marking a 4% increase year-over-year. This surge in prices was the largest in over three years, with energy prices experiencing an 8.5% jump from February.