"The Labor Department reported Thursday that its producer price index - which measures inflation before it hits consumers - was up 0.9% last month from June and 3.3% from a year earlier."
"Wholesale prices can offer an early look at where consumer inflation might be headed. Economists also watch it because some of its components flow into the Federal Reserve's preferred inflation gauge."
U.S. wholesale inflation increased by 0.9% from June and 3.3% year-over-year, surpassing economists' expectations. This rise follows a consumer price increase of 2.7% in July. The core consumer price also saw a rise to 3.1%. Factors like slowing rent increases and cheaper gas may mitigate some tariff impacts, although businesses are still absorbing costs. These wholesale price changes are critical as they may indicate future consumer inflation trends.
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