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The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers— rose 0.9% last month from June, the biggest jump in more than three years.
We learned Tuesday that consumer prices are relatively stable across many goods and services, despite higher tariffs. On Thursday, we learned producer prices are spiking.
China’s consumer prices were unchanged last month from a year ago and producer deflation persisted, suggesting that demand remains weak in the world’s second-largest economy amid trade turbulence.
Prices rose faster for producers than consumers last month, suggesting that U.S. importers may, for now, be eating the cost of Trump's tariffs rather than passing them on to customers.
U.S. wholesale inflation surged unexpectedly last month as President Donald Trump’s sweeping taxes on imports are pushing costs higher ...
Prices rose faster for producers than consumers, suggesting that US importers may, for now, be eating the cost of Trump's tariffs rather than passing them on to customers. That may not last.
The producer and consumer inflation numbers are both issued by the Labor Department's Bureau of Labor Statistics, which is already in Trump crosshairs.
NEW YORK (Reuters) -U.S. producer prices increased more than expected in July amid a surge in the costs of services and goods, suggesting a broader pickup in inflation in the months ahead.
Some aspects of Thursday's producer price report were puzzling, including a big jump in profit margins at retailers and wholesalers.
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