US producer inflation posts largest annual gain in 3-1/2 years as energy prices surge

US producer inflation posts largest annual gain in 3-1/2 years as energy prices surge Reuters Wholesale prices rose 1.1% in May, more than expected, on surge in energy CNBC US wholesale inflation rose sharply last month as Iran oil shock continues to drive up business costs CNN US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022 Yahoo Finance Rising Prices and Labor Market Strains Wave Red Flag For The Economy Investopedia