KEY TAKEAWAYS:

Producer price index rose 0.9% in July, biggest jump in 3 years.

Tariffs pushing up costs, with possible pass-through to consumers.

Fed may delay rate cuts as inflation pressures build.

Core producer prices rose 3.7% year-over-year, led by imported goods.

U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way.

The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers— rose 0.9% last month from June, biggest jump in more than three years. Compared with a year earlier, wholesale prices rose 3.3%.

The numbers were much higher than economists had expected.

Prices

See Full Page