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Petrol and DIESEL price rises push UK inflation

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Rationale
 · 2d
Diesel Prices Are Soaring - Inflation May Be Next
Diesel fuel prices have surged to a record national average of $6.23 per gallon, marking a 68% increase in just one year.

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 · 6d · on MSN
Inflation remains elevated as diesel prices hit record high
 · 1d
Petrol and diesel price rises push UK inflation rate up to 3.1%
 · 1d
US Fed chairman Kevin Warsh puts inflation first with US rate hike
The US Federal Reserve has lifted its benchmark rate by 25 basis points – the first increase in three years – in a move that will increase borrowing costs for US households and businesses just weeks b...

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 · 20h
Tech leads Wall St to higher close as oil eases, Treasury yields dip
 · 1d
Fed raises interest rates, a sign of concern about rising prices: "Inflation is too high"
 · 1d
Fed hikes rates in search of 'timelier' drop in inflation, sees more tightening ahead
"Today's policy action will support a timelier return to the Committee's 2% goal," the central bank said in its policy statement after the end of a two-day meeting.

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 · 1d
Loonie weakens after Fed hike as dollar gains on hawkish outlook
 · 1d
Markets are spooked by the prospect of more rate hikes as the Fed battles inflation
6don MSN

How Energy Is Driving Inflation—and How It’s Not

As diesel crosses $6, the risk is building that soaring energy costs will start to hurt far beyond gas pumps.
6d

Diesel fuel surge is a big inflation worry

Diesel cars are no longer sold in the U.S., but the high cost of diesel fuel has become a big problem. How so? Diesel is still the fuel of choice for truckers who carry goods across the country to connect businesses to other businesses or to consumers.
13d

Diesel hits record high as Ukraine and Iran wars knock out refineries, fueling inflation worries

Russia's diesel export ban affects about 800,000 bpd of supply while the disruptions in the Strait of Hormuz have affected about 1.2 million bpd, Lipow said. Iran's Houthi allies knocked out Saudi Arabia's Jizan refinery that produces about 200,000 bpd, he said.
WISN 12 News on MSN
5d

Diesel price surge hits food, shipping as energy costs add inflation pressure

Record-high diesel prices are increasing transportation costs for groceries, packages and everyday goods across the country, as disruptions to global oil supplies continue to strain the energy market.
Seeking Alpha
5mon

$5+ Diesel Could Unleash Inflationary Mindset The Fed Better Not Look Through; Inflation Was Already Hot Before Iran War

The problem is that even before fuel prices began to spike, inflation had already been accelerating and running hot, and the current fuel price spikes will add to it, just when the economy has become more forgiving of price increases. The broadest ...
2don MSN

Petrol and diesel price rises push UK inflation higher

Summer holidays and disruption to global oil supplies by the Middle East conflict stoked price growth.
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