Inflation's Shadow: How Iran and Energy Costs Are Sinking US Economies The recent Producer Price Index (PPI) numbers have left economists scrambling to adjust their forecasts, as energy costs continued to skyrocket in August.
The year over year increase of 5. 4% is a stark reminder that the ongoing tensions with Iran are having far reaching consequences for the US economy.
One striking aspect of this report is the steep rise in diesel fuel prices – a 24. 1% increase over just one month.