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Producer Inflation Explodes In July As Trump Tariffs Feed Through
Benzinga
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5 months ago
U.S. PPI surged 0.9% in July, its largest monthly jump since 2022, far exceeding forecasts and fueled by Trump’s tariff hikes. Final demand services rose 1.1%, the sharpest gain in over two years, with machinery and equipment margins jumping 3.8%.
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