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
Providence Catholic Sweeps Men’s and Women’s Titles at Celtic Quad Meet
Early Comeback, Six-Run Sixth Inning Propel Lincoln-Way Central Past York 13-3
Early Offensive Explosion Powers York Past Lincoln-Way Central 12-3
Illinois Quick Hits: County study reflects massive property tax hikes
Fewer businesses of Illinois’ diversity-preferred group got state contracts last year
Some blame taxes as Illinois grows on paper but loses residents
Illinois quick hits: Cannabis company sued for alleged sexual harassment; Reparations class action suit to proceed; Disaster declaration approved for August 2025 storms
Meeting Summary and Briefs: New Lenox School District 122 for February 17, 2026
Local Public Information Officer Marisa Tomich Honored with Statewide Fire Education Award
Village Board Approves Updated School Resource Officer and Body Camera Agreements with New Lenox School District 122
Board Approves Signage Upgrades for Crossroads Sports Complex and Temporary Storage for Cherry Hill Business Park
Manhattan Firefighters Extinguish Chimney Fire on South Egyptian Trail
