Another warning sign of tariffs with unexpectedly highly highly high infection in July

The Ministry of Labor stated on Thursday that the product price index – which measures inflation before the consumers hit – rose 0.9 % last month of June and 3.3 % over the previous year.

The numbers were much higher than economists.

The wholesale inflation report stated two days after the Ministry of Labor stated that the prices of consumers increased by 2.7 % from last month of July 2024, such as the previous month and an increase in postpartum decrease by 2.3 % in April. Basic consumer prices increased by 3.1 %, up from 2.9 % in June. Both numbers are 2 % higher than the Federal Reserve.

The new numbers indicate that the slowdown of rent increases and the cheaper gas at least compensates for the effects of Trump’s tariff. It is also possible that many companies still accommodate a lot of the cost of duties instead of transferring them to customers via higher prices.

Wholesale prices can provide an early view of the place where consumer enlargement can go. Economists are also seen because some of its components, especially health care and financial services, are flowing to the preferred inflation scale of the Federal Reserve – Personal Consumption Expenses, or PCE Index.