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Inflation Pressures Mount Across Markets as Supply Chain Costs Rise

U.S. wholesale inflation accelerated in April to its fastest pace since 2022, driven by surging energy prices and geopolitical tensions. The producer price index climbed 6% year-over-year, while core wholesale inflation excluding food and energy reached 5.2%, marking the largest advance in more than three years. Freight and logistics operators face mounting cost pressures as energy expenses rise and demand remains elevated. Brazilian economists raised their key rate forecasts for year-end 2026 on persistent price pressures tied to domestic demand and regional instability. The S&P 500 remains volatile as it seeks a fourth consecutive year of double-digit gains, a milestone last achieved in the 1990s. Equity volatility and transportation sector fundamentals reflect ongoing market uncertainty.