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- Neel Kashkari
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Neel Kashkari
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US inflation pressures intensified in April after the Producer Price Index (PPI) rose 1.4% month-on-month and 6% year-on-year, marking its highest annual level since December 2022. The increase significantly exceeded market expectations and was largely driven by a 15.6% surge in gasoline prices, linked to ongoing geopolitical tensions in the Middle East involving the US, Israel, and Iran.14 May 2026-10:07
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