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US wholesale prices surged 4% last month after the war in Iran sent energy prices soaring AP NewsWholesale prices rose 0.5% in March, much less than expected despite war impact CNBCWholesale inflation rose in March to three year-high CNNProducer-Price Index Climbed in March WSJ
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Citigroup reported its best quarterly revenue in a decade and a 56% year-over-year jump in earnings per share.
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China's Export Growth Slowed Sharply in First Month of Iran War Bloomberg.comChina exports growth in March misses estimates, imports surge most in over four years CNBCChina's export engine stutters as Iran war chills global demand ReutersChina's Oil and Gas Imports Shrink on Persian Gulf Turmoil Bloomberg.com
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U.S. inflation at the wholesale level rose to a three-year high in March due to surging oil prices tied to the Iran war, but aside from energy, the increases in the cost of other goods and services were surprisingly tame.
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The Iran war has caused the biggest rise in global energy inflation in 25 years, according to calculations made by an economist tracking government data.
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