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WASHINGTON (AP) — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers ...

The producer and consumer inflation numbers are both issued by the Labor Department’s Bureau of Labor Statistics, which is already in Trump crosshairs.

Some aspects of Thursday's producer price report were puzzling, including a big jump in profit margins at retailers and wholesalers.

Corporate America’s effort to boost margins and sustain US stock gains faces a key hurdle: a widening gap between consumer and producer prices, compounded by tariff uncertainties.

Prices rose faster for producers than consumers last month, suggesting that U.S. importers may, for now, be eating the cost of Trump's tariffs rather than passing them on to customers.

The producer and consumer inflation numbers are both issued by the Labor Department's Bureau of Labor Statistics, which is already in Trump crosshairs.

Wholesale inflation increased above expectations and at the fastest rate in more than three years.