Wholesale inflation hits highest level in a year — and Iran war is fueling more rising prices fears

Headline gains were larger than economists expected, driven in part by a sharp month-on-month rise in food prices from January to February. Those upside surprises occurred before a US and Israel attack on Iran, which subsequently pushed energy prices sharply higher, creating added inflationary and market volatility risks.

Analysis

Headline gains were larger than economists expected, driven in part by a sharp month-on-month rise in food prices from January to February. Those upside surprises occurred before a US and Israel attack on Iran, which subsequently pushed energy prices sharply higher, creating added inflationary and market volatility risks.