Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra materials costs Business live – latest updates Oil prices fall as Trump hails ‘progress’ on Iran deal Airlines and other companies are increasingly using fuel surcharges to cover soaring costs, a survey has found, in a further sign of Iran war-linked inflation hitting the economy. A poll of companies in the services sector, which includes airlines, found rising fuel prices had contributed to businesses raising prices at the fastest pace in more than three years in April. Continue reading...