US wholesale inflation accelerated to its highest level in a year in February, adding to concerns that price pressures remained high even before the Iran war began. Data released by the US Labor Department on Wednesday showed the producer-price index (PPI) rose 0.7% month-on-month, up from 0.5% in January and well above economists’ expectations of a 0.3% increase. On an annual basis, PPI climbed to 3.4%, against an expected 2.9%, marking its highest level since February 2025 Core PPI, which excludes food and energy, rose 0.5% in February compared with forecasts of a 0.3% increase. On a yearly basis, core wholesale ... (full story)