US Producer Prices Jump 0.9% in July, Far Exceeding Forecasts

Wholesale prices in the United States surged sharply in July, driven by the impact of tariff policies.

Port of Los Angeles, USA. Photo by Yonhap News

On August 14 (local time), the U.S. Department of Labor announced that the Producer Price Index (PPI) for July rose by 0.9% compared to the previous month. This figure is significantly higher than the 0.2% increase forecasted by Dow Jones experts.

The year-on-year increase was 3.3%. The core Producer Price Index, which excludes energy and food, rose by 0.6% from the previous month, also far exceeding the forecast of 0.3%. Compared to the same period last year, it increased by 2.8%.

The Producer Price Index, also known as wholesale prices, is considered a leading indicator of consumer prices, as changes are typically reflected in final consumer goods prices after a certain time lag.

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