U.S. producer prices surge in July as tariffs increase costs
U.S. wholesale inflation surged last month, a sign that President Donald Trump’s tariffs are boosting costs and higher prices may be on the way.
The Producer Price Index for final demand climbed 0.9% in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported Thursday. Final demand prices were unchanged in June and moved up 0.4% in May. On an unadjusted basis, the index for final demand advanced 3.3% for the 12 months ended in July, the largest 12-month increase since rising 3.4% in February 2025.
Prices for final demand goods increased 0.7%. The index for final demand – less foods, energy, and trade services – moved up 0.6% in July, the largest increase since rising 0.9% in March 2022.
Spencer Hakimian, founder of Tolou Capital Management, called it the return of inflation.
“As I’ve been warning you all for months, we have a massive inflation problem in the United States again,” he wrote on X.
For the 12 months ended in July, prices for final demand less foods, energy, and trade services advanced 2.8%.
Sunny
Latest News Stories
Early Offensive Surge Propels Casey-Westfield Past Farina South Central 6-4
Goble Tosses Shutout, Homers to Lead Casey-Westfield Past Murphysboro 3-0
Casey-Westfield Holds Off Central A & M Rally for 5-4 Tournament Victory
Casey Police Department to Receive Upgraded Tasers in $59,778 Agreement
Walk-Off Winner: Pruemer’s Complete Game Lifts Windsor/Stewardson-Strasburg Over Casey-Westfield
Goble, Bonds Go Deep as Casey-Westfield Offense Overwhelms BHRA, 17-4
Lock’s Homer, Jones’ Complete Game Power Cumberland Past Casey-Westfield, 7-4
Casey-Westfield Men, Marshall Women Capture Team Titles at Quad Meet
Casey City Council Secures Final Easements for I-70 Sewer Extension Project
WATCH: California probe ends $267M in alleged hospice fraud
Ex-Blago attorney: Quid pro quo is key to Madigan appeal
Illinois Quick Hits: House GOP says no Bears deal without property tax reform
