US producer inflation posts largest annual gain in 3-1/2 years as energy prices surge - Reuters
US producer inflation posts largest annual gain in 3-1/2 years as energy prices surge Reuters
Coverage by Political Leaning
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Notable Quotes
"The Fed is clearly missing its inflation target by a lot more than it is missing its employment objective."
— John Ryding , Academic
"the producer prices that feed into the PCE price calculation rose by much more than we expected ... It supports our view that the Fed will hike interest rates toward the end of the year."
— Stephen Brown , Academic
"U.S. inventory levels remain above estimated minimum operating thresholds; however, with continued disruption to Middle East flows, draws are likely to extend into the third quarter."
— Aaron Brady , Executive
"President Donald Trump announced imminent actions against Iran, aiming at their oil infrastructure."
— Donald Trump , Politician
Key People
Aaron Brady is an analyst at S&P Global Energy.
Former president of the United States known for his aggressive economic policies.
John Ryding is the chief economic advisor at Brean Capital.
Stephen Brown is the chief North America economist at Capital Economics.
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<a href="https://news.google.com/rss/articles/CBMiwwFBVV95cUxNYTVIQ0lPVDVsWHMxbEdTR0xKMWZDTFhYbjh3VTlEblpieUJZVXpWQTBGOWozZGRwNGE4VmwwSWNLUEN5dVR3Uk5PcmpPcDlpN1pRU2JCS2dNZTFua1daRGdFeHBBUUlvWUI0aFZ5S3JYb2h5aGFOTFFPdF8zY05RRE9fbHFPZXZ1Z2lGMnZ1TUJSSTdYTE5nTlN4Q2RPS0U5cFpjUWpmRVRBU18wZDhjZFJQUzloSUVMNXprZ2wwUGt2Mkk?oc=5" target="_blank">US producer inflation posts largest annual gain in 3-1/2 years as energy prices surge</a> <font color="#6f6f6f">Reuters</font>
U.S. producer prices increased more than expected in May, leading to the largest annual gain in 3-1/2 years as the Middle East conflict drove up the cost of energy products.
U.S. producer prices surged in May 2026, marking the fastest annual increase since November 2022, largely driven by a sharp rise in energy prices due to the Iran war.
Producer prices rose 1.1% in May, matching April's increase and pushing annual wholesale inflation to 6.5%, the highest since late 2022, primarily driven by higher energy costs linked to wartime disruptions.
The latest inflation report reveals that inflation in May surged to its highest level in over three years, largely driven by rising energy costs resulting from the ongoing war in Iran.
U.S. producer prices surged in May, marking the largest annual hike in over three years due to rising energy costs amid Middle East tensions, signaling growing inflation pressures.
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