US wholesale prices post biggest surge in three years, PPI shows. Sign of tariff-related inflation?
From morningstar.com
The cost of wholesale goods and services - where rising inflation tends to show up first - posted the biggest increase in July in three years, possibly heralding a sizable acceleration in price hikes tied to higher U.S. tariffs. The producer price index jumped 0.9% last month after no change in June, the government said Thursday. The rate of wholesale inflation climb ed to 3.3% from 2.3%, a five-month high. Another gauge known as the core rate that is seen as a more stable measure of wholesale inflation rose 0.6% in July. The 12-month increase in the core rate moved up to 2.8% from 2.5%. The wholesale report doesn't ...
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