Recent inflation data contradicts President Donald Trump's claims that rising prices won't impact the U.S. economy. The Producer Price Index surged 0.9% last month.

The cost of wholesale goods and services - where rising inflation tends to show up first - in July posted the biggest increase in three years, possibly heralding a sizable acceleration in price hikes ...

The cost of wholesale goods and services — where rising inflation tends to show up first — in July posted the biggest ...