Ranking Member Velázquez on July PPI Inflation Data

Summary

Statement dated August 14, 2025 from Ranking Member Nydia M. Velázquez on the July Producer Price Index (PPI) report. She says the report shows wholesale prices rising at the fastest pace in over three years and blames the tariffs of Donald Trump for squeezing small businesses with higher costs and less money to expand and hire. She adds that President Trump campaigned on bringing costs down on day one and that his trade policy is instead fueling inflation.

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“Ranking Member Velázquez on July PPI Inflation Data.” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/5057-2025-08-14-ranking-member-vel-zquez-on-july-ppi-inflation-dat-5d7bf7e5d6/, SHA-256 847998a0437823e9e47d8f6180c4ebd8e8cd0e182cc172811876790c70c33699.

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Ranking Member Velázquez on July PPI Inflation Data
Source(print): https://democrats-smallbusiness.house.gov/news/documentprint.aspx?DocumentID=5057

Ranking Member Velázquez on July PPI Inflation Data 

 democrats-smallbusiness.house.gov 

 Cmte Small Business (D) 

 Contact: 

 Ranking Member Velázquez on July PPI Inflation Data 

 Washington ,
 August 14, 2025 
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 WASHINGTON – Today, Ranking Member Nydia M. Velázquez (D-NY) released the following statement regarding the July Producer Price Index (PPI) report: 
  
“Today’s report reflects the reality that small businesses across the United States are feeling. Prices for critical products are going up and Main Street is being squeezed by Donald Trump’s tariffs. Today’s PPI reading shows that wholesale prices are rising at the fastest pace in over three years. For Main Street, this means higher costs for the goods they rely on, and less money to expand and hire new employees. 
  
“President Trump campaigned on bringing costs down on day one. Instead, his chaotic trade policy is fueling inflation and making life unaffordable for small firms and working families across America.” 
  
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