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 increases tied to higher U.

US producers raised prices at the fastest pace in more than three years last month, stoking concerns about higher prices for consumers.

The Bureau of Labor Statistics announced this week that wholesale prices in the month of July rose at the fastest pace in three years. We take a look at how this may impact other areas of the economy.