German economy stalls as inflation hits highest since late 2023: Bundesbank
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US diesel prices hit a record $6.31/gallon, up 74% YoY, driven by global supply disruptions following the US-Iran war. Despite the surge, demand remains inelastic due to diesel's entrenchment in farming and trucking, with no near-term shift to alternatives. The price spike signals persistent inflationary pressure in transport and agriculture sectors.
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