WASHINGTON — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump's sweeping taxes on imports are pushing costs higher.

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U.S. wholesale inflation surged unexpectedly last month as President Donald Trump's sweeping taxes on imports are pushing costs higher

The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers — was up 0.9% last month from June and 3.3% from a year earlier

The numbers were much higher than forecasters had expected

The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers — was up 0.9% last month from June and 3,3% from a year earlier.

The numbers were much higher than economists

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