Washington — U.S. wholesale prices rose 4% year‑over‑year in March 2025 as energy costs surged following the Iran war, the Labor Department reported this week. The producer price index increased 0.5% from February, with energy prices up 8.5% month‑to‑month and core producer prices rising 0.1% in monthly terms. Wholesale gains...
WASHINGTON — The U.S. Labor Department released March data Tuesday showing the Producer Price Index for final demand rose 0.5% for the month and accelerated to a 4.0% annual gain from 3.4% in February. The Labor Department also reported import prices increased 0.8% in March, with imported fuel and food...
Washington this week: Changes to federal tax law produced larger refunds for many filers, with average refunds reported near $3,600, a roughly ten percent increase from last year. Financial advisers urged recipients, ahead of Tax Day, to prioritize high-interest debt repayment, expand emergency savings, or invest in energy-efficient home improvements. Washington...
Washington — Gas prices held from Sunday to Monday after a three-cent national weekend decline, with the American Automobile Association reporting a $4.125 per gallon national average on Monday. The small weekend drop followed a recent 2026 high in some regions and comes amid continued uncertainty surrounding the Strait of...
Washington — IMF Managing Director Kristalina Georgieva said on April 12 that the Iran war, which began Feb. 28, has caused a large disruption to global energy supplies, with about 13% of oil and 20% of gas flows stalled. She made the remarks in interviews and ahead-of-meeting speeches as the...
Washington — Top IMF and World Bank officials are convening this week as the Middle East war that began on February 28 prompted both institutions to downgrade global growth forecasts and raise inflation outlooks. Officials said the conflict constitutes a third major economic shock after the COVID-19 pandemic and Russia’s...
Washington — Oil markets pushed gasoline, diesel and jet fuel prices higher this week after renewed war in the Middle East disrupted supply expectations, lifting global benchmark crude and prompting immediate retail fuel price increases across the United States, Europe and Asia, while shipping and aviation operators reported rising operating...
Washington. The U.S. Bureau of Labor Statistics reported that consumer prices rose 3.3% year-on-year in March, driven principally by a 21.2% monthly surge in gasoline prices tied to disruptions from the Iran conflict. The agency released the data this week, showing core CPI at 2.6%, up from 2.5% the prior...
Fort Collins, Colo. — Drivers this week traveled to tribally owned gas stations to buy cheaper fuel as pump prices rose after conflict involving Iran began in February. Junelle Lewis drove to the Tulalip Reservation and filled her Suburban at Tulalip Market for $4.84 per gallon, about $0.75 less than...
Washington — Consumer prices rose sharply in March as gasoline prices spiked following conflict-related tensions in the Middle East, federal readings and economist surveys showed this week; monthly consumer prices increased about 0.9%, and year-over-year inflation rose to roughly 3.3–3.4%, according to Labor Department data. Federal Reserve officials and economists said...
