Higher gas prices sent wholesale inflation soaring last month, likely signaling more pain ahead for consumers

By Elisabeth Buchwald, CNN (CNN) — The war with Iran is squeezing US businesses at a rate not seen in nearly four years, and it’s likely to cause them to raise prices for consumers even more. The Producer Price Index, a measure of wholesale inflation, increased in April to 6% on an annual basis from The post Higher gas prices sent wholesale inflation soaring last month, likely signaling more pain ahead for consumers appeared first on News Channel 3-12.