The latest data show rising prices remain a major threat to the U.S. economy, contradicting President Donald Trump’s claim that inflation does not pose a problem as the effect of tariffs trickles down.
The Producer Price Index (PPI) released Thursday showed a surprising jump in wholesale prices beyond what economists had expected, indicating higher prices could soon hit American consumers.
The PPI increased 0.9 percent last month, excluding volatile food and energy prices—its biggest monthly jump since June 2022. Economists had anticipated it would be up 0.2 percent.
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