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The U.S. Bureau of Labor Statistics reports that the Producer Price Index, a key measure of wholesale inflation, soared by 0.9 percent from June to July 2025, marking the largest monthly increase since June 2022. This spike, over four times higher than economists' forecasts, indicates rapidly rising costs for producers and manufactures. While U.S. importers have so far absorbed some of these costs through pre-ordering inventory and offsetting tariffs, the sustained pressure may soon translate to higher consumer prices, potentially impacting American households.