Prices are starting to spike—and it’s all thanks to one guy

Wholesale prices spiked in July, the Bureau of Labor Statistics announced on Thursday, as President Donald Trump's idiotic tariffs caused much higher price increases than economists had expected.

The Producer Price Index, which measures inflation from the producer's vantage point rather than the consumer's, rose 0.9% in July—far higher than the 0.2% economists had projected, according to CNBC. At an annualized rate, PPI increased by 3.3%—more than the 2% inflation rate the Federal Reserve Bank strives for.