https://finance.yahoo.com/news/ppi-inflation-shock-core-producer-prices-hit-3-year-high-in-july-in-head-scratching-inflation-surge-123743902.html

 

PPI inflation shock: Core producer prices hit 3-year high in July in 'head-scratching' inflation surge

 

The Producer Price Index (PPI) for July showed inflation for businesses rose 0.9% over the prior month, well ahead of the 0.2% increase that was forecast, data from the Bureau of Labor Statistics showed Thursday. On an annual basis, prices rose 3.3%, the most since February.

"Core" producer prices, which exclude food, energy, and trade services, rose 0.6% last month, the most since March 2022 and an uptick after prices were unchanged in June. On an annual basis, core producer prices rose 3.3%, which was also the most since February.

Thursday's data suggests, then, that companies will not absorb all costs incurred from tariffs but will pass some of these costs on to consumers in the form of higher prices.

 

Perhaps this was the cheese on trumps last taco with China frankly I’m surprised it’s not much higher with all the sielf inflicted uncertainty created by trump.

You need to read more than headlines

"Brown added that this data still implies inflation running ahead of the Fed's target, but a chunk of last month's rise in services inflation is due to higher costs for portfolio management, a function of the stock market's rally since reaching its April lows and something that "won't concern the FOMC," in Brown's view."

The Producer Price Index (PPI) is primarily issued by the U.S. Bureau of Labor Statistics (BLS) in the United States. The BLS releases the PPI data on a monthly basis.

 

Time to fire E.J. Antoni.

 

 

 

 

 

12 hours ago, Yagoda said:

You need to read more than headlines

"Brown added that this data still implies inflation running ahead of the Fed's target, but a chunk of last month's rise in services inflation is due to higher costs for portfolio management, a function of the stock market's rally since reaching its April lows and something that "won't concern the FOMC," in Brown's view."

Lol! What's the weight of portfolio management cost in the PPI? 

Trump’s Inflation Promises May Finally Be Catching Up to Him

More from the American consumers.

Went to COSTCO yesterday and beef is way expensive. And the coffee I bought last month for $23.99 (K-cups/box/72) is now $39.99.      Shout it from the rooftops if you want, "Prices are not going up!, Trump brought prices down on day one! Give it another two weeks!"      I'll still believe my lyin' eyes.

 

Just last week it was dog food, coffee and beef that went up. It's always something just about every shopping run. Trump isn't fooling my wallet despite him thinking he's the smartest one in the room.

small inflation finally

4 hours ago, sharot724 said:

small inflation finally

For sure it has to do because it's "Beef loin New York steak". Yeah, for sure only because the dems... emmm the leftists are in charge there...

 

So clearly their fault 🙂

 

7 hours ago, Schoggibueb said:

For sure it has to do because it's "Beef loin New York steak". Yeah, for sure only because the dems... emmm the leftists are in charge there...

 

So clearly their fault 🙂

 

 i heard the proof is on the laptop 

Your dems, you say?

 

https://wegotthiscovered.com/politics/forget-about-meat-trump-economics-kick-in-as-beef-skyrockets-to-over-18-bucks-a-pound/

 

I like the economy here in Thailand myself much better.

Replies appear to confirm this, with one user posting an image of beef in a New York store at $21.99 per pound, and another showing a picture of a premium ribeye at an astonishing $54.99 per pound:

I’ve seen it first hand every thing is up because of trumps tax on us…..oops tariffs…ah no on second thought on trumps sielf imposed extra tax on us Americans,something to think about as you drink your extra expensive coffee in the morning…

1 hour ago, Tug said:

I’ve seen it first hand every thing is up because of trumps tax on us…..oops tariffs…ah no on second thought on trumps sielf imposed extra tax on us Americans,something to think about as you drink your extra expensive coffee in the morning…

Americans really are fond of there coffee. Poke them with extra expensive coffee in the morning:  

 

The vast majority of coffee consumed in the United States is imported, with Latin America being the primary source. Specifically, about 80% of the U.S.'s unroasted coffee imports come from Latin America, and 66% from just four countries: Brazil, Colombia, Vietnam, and Indonesia. Within Latin America, Brazil and Colombia are major suppliers, with Brazil alone accounting for roughly a third of U.S. imports. 

There's the end of the bottomless cup...

22 hours ago, sharot724 said:

small inflation finally

Another more reliable source

https://fred.stlouisfed.org/series/APU0000703112