US 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 (PPI) for final demand rose 0.9% in July, marking its largest monthly increase since early 2022. The annual PPI increase r

President Donald Trump received unpleasant news from a friendly face on Thursday morning. Fox Business Host Maria Bartiromo was live on air when the Producer Price Index report for July was released by the Bureau of Labor Statistics,

In late July Fed Chairman Jerome Powell and the majority of the policy-making Federal Open Market Committee voted to maintain the “wait-and-see” approach to interest rate cuts. The FOMC held the benchmark Federal Funds Rate to a range of 4.25% to 4.5% to monitor the potential impact of tariffs into the U.S. supply chain.

The latest producer price index, which measures the average change in prices paid to producers, jumped .09% in June.

Producer prices in July rose faster than forecast across the board, giving investors and the Federal Reserve an inflation surprise just over a week out from Fed Chair Jay Powell's crucial Jackson Hole speech.

The producer price index, or PPI, surged last month, far outpacing economists' forecasts and suggesting that President Trump's tariffs are starting to significantly drive up the cost of imported goods.

U.S. wholesale inflation accelerated in July by the most in three years, boosted by a surge in margins that indicates companies are not absorbing

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.

About a quarter of the 3.3% price increase recorded by this month’s producer price index was driven by a spike in wholesale prices for veggies.