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%.
Chance Showers And Thunderstorms
Latest News Stories
U of I pressed on costly abandoned development project, stance on DEI directives
Trump says Iran’s new leader wants ceasefire
‘Conversion therapy’ bans in IL, other states, in danger, after SCOTUS ruling
Casey-Westfield Launches Five Home Runs in 11-4 Win Over Edwards County
Goble’s 10 Strikeouts and Powerful Offense Lead Casey-Westfield Past Edwards County 11-4
Casey-Westfield Secures Runner-Up Finishes at Five-Team Paris Meet
Illinois business leaders press lawmakers as child care costs face scrutiny
Illinois Quick Hits: Vacant lots go on sale in Chicago
State vs. local property tax debate rages in Illinois
Illinois Quick Hits: County study reflects massive property tax hikes
Fewer businesses of Illinois’ diversity-preferred group got state contracts last year
Casey-Westfield Uses Five-Run Fifth Inning to Defeat Cumberland 7-3
Casey-Westfield Takes Advantage of Late Errors to Defeat Cumberland 7-3
