#HotJulyPPI

July’s Producer Price Index readings sparked alarm as wholesale inflation unexpectedly surged. The PPI jumped 0.9% month-over-month—quadruple forecasts—and lifted the annual rate to 3.3%, up from June’s 2.4% . Core PPI, excluding volatile food and energy, also climbed markedly . This sharp uptick intensified concern among investors that overheating producer costs could delay anticipated Federal Reserve rate cuts, rattling markets and dampening sentiment across equities and commodities. The hashtag #HotJulyPPI quickly trended, reflecting growing anxiety over inflation risks and how they might reshape monetary policy in the months ahead.