Trickle-down economics may indeed be in effect — just not in the way Ronald Reagan envisioned.

The Bureau of Labor Statistics released its Producer Price Index on Thursday, revealing an unexpected July surge of 0.9 percent compared with the previous month. It was the biggest monthly increase since 2022, and well above the projected growth of 0.3 percent.

July’s increase pushed annual index growth to 3.3 percent, the most significant 12-month bump since the 3.4 percent announced in February.

What does it all mean? Well, compared to Consumer Price Index data released Wednesday, the price index for the American manufacturing sector is up — way up. CPI data showed that inflation accelerated for shoppers from June to July at a rate of 0.2 percent, and an annualized rate of 2.7 percent. W

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