US producer price inflation rose to its highest since 2022 in July, driven by a 0.9% increase in the producer price index. Services costs surged 1.1%, outpacing goods at 0.7%, as tariffs influence price trends, according to the Department of Labor.
US producer price inflation rose to its highest since 2022 in July, driven by a 0.9% increase in the producer price index. Services costs surged 1.1%, outpacing goods at 0.7%, as tariffs influence price trends, according to the Department of Labor.