(AURN News) — If it feels like you’re still paying more at the grocery store, you’re not imagining it. New federal data shows prices are rising again — and tariffs may be a driving factor.
Prices at the producer level jumped 0.9% in July — the biggest monthly gain in more than a year. That followed no change in June and a 0.4% rise in May. Over the past 12 months, producer prices are up 3.3%, according to new figures from the Bureau of Labor Statistics.
The increases come as President Donald Trump’s trade tariffs remain in place — and expand. While the administration continues to tout revenue generated from import taxes, those costs are often passed down to consumers.
Tariffs targeting foreign goods raise costs for U.S. companies, which in turn pass those increases on to customers. The result: household budgets stretched thin by higher prices on everything from food to supplies.
The timing matters. The Federal Reserve is expected to decide next month whether to cut interest rates, as Trump has called for, or hold them steady to contain inflation. With prices still climbing, the pressure is growing — not just on the Fed, but on families across the country.
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