US Wholesale Inflation Hits Three-Year High in July Due to Tariff-Related Costs
By
master_crab
Lacks bite. And filling. And a copy-editor at the bakery.
Summary
US wholesale inflation surged in July, marking the highest increase in three years, driven by companies passing on higher import costs linked to tariffs. The producer price index rose 0.9% monthly and 3.3% annually, as reported by the Bureau of Labor Statistics.
Key quotes
· 3 pulledUS wholesale inflation accelerated in July by the most in three years, suggesting companies are passing along higher import costs related to tariffs.
The producer price index increased 0.9% from a month earlier, the largest advance since consumer inflation peaked in June 2022.
The PPI rose 3.3% from a year ago.
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