In only July PPI (Producer Price Index) rose 0.9%. It’s the biggest jump in the past 3 years.
But the question is, why?
The simple answer is that Trump-era tariffs are the main reason.
Tariffs take money from businesses, and businesses take money from consumers.
That’s how inflation is rising. According to Reuters, “Up to 67% of tariff costs may hit consumers soon.” Trump-tariff policy only affects middle-class people like us.
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