Stephen Brown – Charm

Core producer prices hit 3-year high in July in ‘head-scratching’ inflation surge

Cs news11 months ago11 months ago04 mins

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 (PPI) for July showed inflation for businesses rose 0.9% over the prior month, well ahead of the…

U.S. producer prices surge in July as Trump tariffs push costs higher

Cs news11 months ago11 months ago07 mins

WASHINGTON (AP) — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way. The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers— rose 0.9% last…