PPI spike: US producer prices inflation hit 3-year high in July,...

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PPI spike: US producer prices inflation hit 3-year high in July, tariffs add pressure on businesses

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US producer price inflation soared in July, reaching its highest level since 2022, fueled by rising service and goods costs. Economists suggest that President Trump's tariffs are contributing to increased business expenses, particularly in sectors like steel, aluminum and food products.

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