Global wholesale inflation grows amid rising energy costs

Global wholesale inflation grows amid rising energy costs

Inflation across the world’s biggest economies accelerated as a result of higher energy costs and threats to trade resulting from the Iran war. China’s factory gate prices rose at the quickest pace since 2022 last month, while in Japan — which imported almost 90% of its oil from the Middle East pre-war — producer prices shot up too, and a US CPI reading today is forecast to show the highest level of inflation in years. Rising inflation has fed e…