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According to the Bureau of Labor Statistics, which produces the inflation report, PPI increased 0.9% in July, the most significant jump since June 2022. Economists expected a 0.2% increase.
Overall, headline PPI inflation rose 3.3% in July year-over-year. The index for final demand minus volatile foods, energy, and trade services was up 2.8% in the past year, "increasing 0.6% in July, the largest increase since rising 0.9% in March 2022," according to the BLS's statement.
We know by now the trump supporters will retort with the same old lame arguments, fake numbers, rigged, lies anything but accept responsibility for their actions, all to own the libs.
Overall, headline PPI inflation rose 3.3% in July year-over-year. The index for final demand minus volatile foods, energy, and trade services was up 2.8% in the past year, "increasing 0.6% in July, the largest increase since rising 0.9% in March 2022," according to the BLS's statement.
We know by now the trump supporters will retort with the same old lame arguments, fake numbers, rigged, lies anything but accept responsibility for their actions, all to own the libs.
