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Wholesale prices rose 1.1% in May, more than expected, on surge in energy
Wholesale prices increased by 1.1% in May, exceeding the expected 0.7% rise according to the Dow Jones consensus forecast. The surge was driven by higher energy prices.
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- Inflation surges to highest level in nearly two years as energy costs spike
- US inflation jumped to 3.8% in April as war with Iran continues to drive up prices