July Producer Price Index Surges Way Above Expectations, Renewing Fear Of Higher Inflation

July Producer Price Index Surges Way Above Expectations, Renewing Fear Of Higher Inflation

This week, the U. S. Bureau of Labor Statistics released the Producer Price Index (PPI) for July. At a +0.9%, it was the highest monthly increase in over 3 years. It was over three times the +0.2% that most economists were expecting. Even more alarming is the yearly increase from July, 2024. At +3.3%, it...