May 13, 2026
United States:
US Producer Prices Rise Most Since 2022 on Energy Costs
US wholesale inflation accelerated in April to the fastest pace since 2022 on a war-driven increase in energy prices that’s feeding into higher freight transportation costs.
The producer price index rose 6% from a year ago, according to Bureau of Labor Statistics data out Wednesday. That topped all estimates in a Bloomberg survey of economists. The monthly gain was also the sharpest since 2022.
Europe:
Oil Inventories Falling at Record Pace on Iran War, IEA Says
Oil inventories are falling around the world at a record pace and will continue to drop for months as the disruption to Middle East supplies from the Iran war intensifies, according to the International Energy Agency.
Global observed oil inventories declined at a rate of about 4 million barrels a day in March and April, according to a monthly report from the agency, which is co-ordinating the release of emergency fuel stocks by major economies like the US, Japan and Germany. The market will remain “severely undersupplied” until October even if the conflict ends next month, it said.
Asia:
BOJ’s Policy Rate Likely to Reach 2% by End-2027, OECD Says
The Bank of Japan’s policy rate is expected to reach 2% by the end of 2027, according to a new estimate from the Organisation for Economic Co-operation and Development.
Assuming inflation remains around 2%, the current policy rate is still near the lower end of a range that would be neutral for the economy, the OECD said in its economic surveys released Wednesday. It added that the BOJ should continue raising interest rates gradually to prevent the economy from overheating.
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