Inflation may be poised to tick higher, according to the most recent Producer Price Index.
The PPI came in at 0.9 percent in July, where the markets were expecting a 0.2 percent increase. On the year, the Index rose 3.3 percent, and the markets were expecting a 2.5 percent climb.
Wholesale machinery costs made up around 30 percent of the rise in prices.
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Producer input costs are rising faster than expected — and this latest PPI report does not reflect the last two weeks of geopolitical tension.
USDA’s 2026 Food Price Outlook projects food prices rising 3.1%, with higher beef costs and falling egg prices shaping consumer trends.
The federal government’s status is far from the only factor moving the markets on Friday. Two critical reports released today on producer inflation and the status of the U.S. cattle herd are also top of mind.
