Key Metrics
17.08
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-08-14
Key Impacts
Positive Impacts (3)
Negative Impacts (6)
Event Overview
The unexpected rise in US wholesale inflation, marked by the sharpest monthly Producer Price Index increase since mid-2022, highlights persistent inflationary pressures and challenges for policymakers. The surge in both overall and core PPI underscores economic uncertainty and potential ripple effects on consumer prices and monetary policy decisions.
Collect Records
US Producer Prices Rise 0.9% in July, Biggest Increase Since June 2022
US inflation at the wholesale level accelerated in July, with the Producer Price Index (PPI) rising by 0.9% from June, according to Bureau of Labor Statistics data released on Thursday. This monthly jump is the largest since June 2022, lifting the annual rate to 3.3%. Core PPI, which excludes food and energy, also increased by 0.9%, bringing the annual rate to 3.7%, the highest level since March. The increase in producer prices was sharper than economists' expectations, who had predicted a 0.2% monthly gain and 2.4% annual increase. The Dow Jones Industrial Average fell 175 points, or 0.4%, at the opening bell on Thursday, while the S&P 500 declined 0.35% and the Nasdaq Composite dropped 0.3%, though all three indexes mostly pared those losses later in the morning. The report indicates that producers and manufacturers are facing rising costs, which could eventually lead to higher prices for consumers.