💨 Abstract

In August 2025, U.S. wholesale inflation rose unexpectedly by 0.9% from June and 3.3% from a year earlier, according to the Labor Department. This surge is linked to President Trump's import taxes, though increased consumer prices (2.7% from July 2024) suggest some offset due to slowing rent and cheaper gas. Businesses are absorbing much of the tariff costs.

Courtesy: WTOP Staff