Producer costs are those paid by businesses and are often passed on to customers. The PPI report follows Wednesday’s consumer price index for January that saw inflation rise by 0.5% and 3% for the year.

The arguably more important measure of core inflation, which excludes price changes in the often volatile food and energy categories, increased 3.3% year-over-year in January, higher than forecasts of 3.1%. And core prices rose 0.4% from December to January, compared to estimates of 0.3%.

Americans are facing higher costs. Trump was elected on promises to lower prices for inflation-weary consumers and high inflation could imperil his agenda.