No inflation in the US- Winning. NOT?

[CallumWK]

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.

 

[Tug]

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.

[Yagoda]

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."