Inflation increase: Wholesale prices post biggest surge in 3 years

Wholesale inflation increased much more than expected in July, raising concerns about a resurgence of inflationary pressures in the economy. LiveNOW's Mike Pache spoke to Barron's senior writer Nicole Goodkind about the inflation report and what it could mean for a potential interest rate cut. The Bureau of Labor Statistics on Thursday released the producer price index (PPI) for the month of July, which showed an increase of 0.9% from the prior month and 3.3% from a year ago. Those PPI figures were much hotter than the forecast of prices rising 0.2% on a monthly basis and 2.5% from last year that was estimated by economists polled by LSEG. Subscribe to LiveNOW from FOX! Where to watch LiveNOW from FOX: Follow us @LiveNOWFOX on Twitter: Raw and unfiltered. Watch a non-stop stream of breaking news, live events and stories across the nation. Limited commentary. No opinion. Experience LiveNOW from FOX.