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%.
Showers And Thunderstorms Likely
Latest News Stories
Meeting Summary and Briefs: Frankfort School District 157-C for October 2025
Frankfort Buried Under 12.6 Inches of Snow; Sub-Zero Temperatures Predicted for Friday
Summit Hill 161 Takes First Step Toward 2025 Tax Levy, Estimates 4.99% Increase
Frankfort Turns to County for Wildlife & Dangerous Animal Control
JJC Foundation Director Kristin Mulvey to Retire After 25 Years of Transformative Leadership
Attack foiled in Ft. Worth day before National Guard troops shot in WDC
Hundreds of flights canceled in Chicago as winter storm wreaks havoc
Lincoln-Way 210 Switches to Under Armour for Athletic Apparel
Frankfort School District 157-C Earns State-Level Governance Award
Crete “Group Care” Home Approved for Senior Living
Meeting Summary and Briefs: Frankfort Park District for October 28, 2025
WATCH: IL legislator wants more transparency for taxpayer funded credit cards
