Wholesale price inflation unexpectedly accelerated in June to its highest rate since March 2023, according to new data released Friday.
On the surface, the jump in PPI appears to be an unwelcome development for the U.S. economy and the fight to rein in high inflation—and it appears especially jarring landing one day after the Bureau of Labor Statistics announced that consumer prices fell on a monthly basis for the first time in four years. NTD speaks to Sam Burns, chief strategist at Mill Street Research, to break down the numbers.