Episode Details

U.S. wholesale prices surge four percent yearly, driven by energy costs spiking eight point five percent due to the Iran war. Core prices, excluding food and energy, only rose modestly. Consumer prices also jumped, fueled by gasoline, as oil demand drops eighty thousand barrels a day this year. Attacks on key routes like the Strait of Hormuz have led to a quarterly demand drop of one point five million barrels, with potential global impacts as prices climb and supplies tighten.

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