- Two reports this week showed sharp price increases last month in categories including airfares, delivery services and trucking as wars overseas pushed oil prices higher.
- Businesses are passing rising energy costs along, which complicates the Federal Reserve's task of stabilizing inflation.
- The grocery aisle has so far been largely spared, but economists see upside risks to food prices later.
Quotes
“The energy shock is starting to spill across the US economy as businesses pass along rising costs”