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In July, consumer prices increased 0.2% over the month and 2.7% over the year, the same as the annual rise in June. Core CPI, which excludes more volatile energy and food prices, rose 0.3% over the month and 3.1% over the year, slightly higher than the 2.9% 12-month increase in the month prior.

Energy costs fell 1.1% over the month in July, after rising 0.9% in June, and declined 1.6% over the year. Within the energy index, gasoline prices plunged 2.2% from June, after increasing 1.0% the month prior, and declined 9.5% from July 2024. Meanwhile, electricity and utility (piped) gas prices dipped 0.1% and 0.9%, respectively, over the month, but surged 5.5% and 13.8% over the year.

In July, food prices stayed the same as June, with prices for food at home edging down 0.1%. On the other hand, food prices rose 2.9% over the year, with food at home advancing 2.2%. Meanwhile, prices for food away from home climbed 0.3% from June and 3.9% from July 2024. The indexes for major grocery store food groups were mixed, with two increasing, three decreasing and one staying the same.

The shelter index grew 0.2% over the month and 3.7% over the year, dipping slightly from the 3.8% 12-month increase in June. Meanwhile, prices for transportation services soared 0.8% over the month and 3.5% over the year, with airline fares leading the monthly increase, rising 4.0% from June. Motor vehicle maintenance and repair led the over the year increase, surging 6.5% from July 2024.

Both the headline inflation rate and core inflation rate have ticked up slightly from last year in recent months, but likely not enough to deter Federal Reserve officials from cutting their interest rate target later this year, particularly since weakness in the labor market has increased in recent months. Therefore, markets anticipate that the Federal Open Market Committee will lower its interest rate target by 25 basis points at its meeting next month.

Toyota has provided its manufacturing team members with high-quality childcare options for decades. This week, it announced a major expansion in its offerings, revealing plans for four new childcare centers for parents working at plants in North Carolina, Mississippi, Alabama and West Virginia.

How it works: The centers, which will all open by 2027, will be managed by third-party childcare providers and offer schedules that align with plant operations, so that team members can go to work confident that their children are well looked after.

• “At Toyota, we know it is paramount for working parents to have access to quality childcare, and manufacturing is not always a nine-to-five job,” said Denita Neville, vice president of Toyota’s corporate shared services.
• “Offering childcare motivates and empowers our team members, makes our industry more inclusive and helps our smallest learners of today become our biggest leaders of tomorrow.”

A long history: These four new centers will join two other facilities that have been in operation for years.

• Toyota’s Georgetown, Kentucky, plant has offered round-the-clock childcare since way back in 1993. Its Indiana center is also well-established, having opened its doors in 2003, and is undergoing an expansion that will be completed this September. (Check out our previous article on these centers here.)

• All of Toyota’s sites are or will be accredited by the National Association for the Education of Young Children, which establishes standards for high-quality childcare.

Other offerings: Toyota also provides other childcare options, partnering with Bright Horizons to help team members find regular childcare and backup options for emergency care, among other services.

Rave reviews: “As a working mom, it’s been such a relief to have childcare that supports my work schedule,” said Patricia Pastrana Arroyo, a group leader at Toyota Indiana, said about the Indiana center.

• “The early education program is exceptional. The teachers are nurturing, attentive and genuinely caring toward each child. They keep parents informed with daily reports, pictures and updates, which helps me feel connected to my son even when I’m not there.”

Partnering with the MI: As an active partner of the Manufacturing Institute, the NAM’s workforce development and education affiliate, Toyota has contributed to the MI’s efforts to bolster the manufacturing industry’s childcare offerings.

• Mazda Toyota Manufacturing, a joint venture between Mazda Motor Corporation and Toyota Motor Corporation, helped the MI formulate its influential whitepaper about childcare in the industry, “Flexibility Approaches for Manufacturing Production Workers,” which found that companies that provided workers with the flexibility to meet personal obligations, such as child care, reported greater success.
• Toyota also participated in an MI panel for manufacturing workforce leaders interested in expanding their own companies’ benefits.

The last word: “Toyota’s investment in childcare sets a powerful example of how manufacturers can meet the real needs of their workforce,” said MI President and Executive Director Carolyn Lee.

• “Access to quality, flexible childcare not only supports working parents, it strengthens our industry’s ability to attract and retain talent. By removing one of the biggest hurdles to workforce participation, Toyota is helping to ensure that more people can build meaningful, long-term careers in manufacturing.”

​​​​​​The Trump administration has announced new funding for critical minerals projects in the U.S., seeking to award nearly $1 billion to key projects (Politico).

• In announcing the new funding, Energy Secretary Chris Wright “cited a March executive order that tapped a range of agencies for efforts to boost minerals production in announcing the award plans.”

How it works: The funding comes in part from the Bipartisan Infrastructure Act, one of manufacturers’ and the NAM’s many policy victories over the past five years.

• “The largest pot of funding, up to $500 million, comes from the Battery Materials Processing and Battery Manufacturing and Recycling grant program, which was established by the bipartisan infrastructure law,” according to Politico.
• “DOE said Wednesday its Office of Fossil Energy and Carbon Management also plans to award up to $250 million under the Energy Act of 2020 and the infrastructure law for industrial facilities to pilot initiatives to produce critical minerals as byproducts from their existing processes.”

Rare earths: Also notable is the $135 million in funding that the Office of Manufacturing and Energy Supply Chains will award to rare earths demonstration projects.

Concerted efforts: The NAM has urged President Trump to support critical minerals projects since his election, and the administration has been swift to act.

• As NAM President and CEO Jay Timmons said in response to the March EO, “For too long, red tape and burdensome regulations have stood in the way of the basic building blocks that power manufacturing in the United States, especially mining and processing the minerals manufacturers rely on to create jobs and dominate on the world stage.”
• “The administration is addressing those barriers, making it easier for manufacturers to access the resources we need to build the future in America.”

The Manufacturing Institute—the workforce development and education affiliate of the NAM—announced that Novonesis, a global leader in biosolutions, will serve as the platinum sponsor for MFG Day 2025, an initiative of the MI.

What it means: Novonesis will host the MI’s MFG Day event on Oct. 2 at their North American headquarters in Franklinton, North Carolina.

• In addition, Novonesis sites across the country will host other events in honor of MFG Day, a monthlong celebration of manufacturing excellence during which students, parents and educators can explore the industry’s many exciting career paths.
• Hundreds of other companies throughout the U.S. will join Novonesis and the MI in this celebration, hosting events that highlight a vast array of industry sectors, job types, educational opportunities and much more.

What they’ll see: Novonesis will welcome 200 local high school students, key educational institutions and biotech partners on Oct. 2, as well as state and national leadership for an in-depth, behind-the-scenes look at Novonesis’s laboratories and production facility.

• These visitors will get to see scientists developing biosolutions for use in food, fuel, household products, supplements, animal health and nutrition, agriculture and more.

What we’re saying: “As an innovative biomanufacturer, Novonesis is a perfect company to headline MFG Day. Its state-of-the-art labs and facilities showcase everything modern manufacturing has to offer as a career path,” said MI President and Executive Director Carolyn Lee.

• “In a study  co-written by MI and Deloitte last year, we found that the manufacturing sector will have more than 3.8 million job openings by 2033. This shortage is an existential threat to our industry. MFG Day is an opportunity for our industry to start building the workforce of tomorrow by educating students about rewarding career opportunities that they might not otherwise consider.”
• “We thank Novonesis for showing students everything our sector has to offer by opening its doors and inspiring students—not just in North Carolina, but nationwide.”

A long history: Manufacturers have been opening their doors on MFG Day since 2012, in one of the industry’s foremost efforts to attract and shape the next generation of talent.

• By stepping inside manufacturing facilities, students experience—up close and in action—what modern manufacturing really looks like.
• Last year, MFG Day boasted more than 700 registered events nationwide, inspiring thousands of students to imagine themselves in a wide range of creative, high-tech careers.

The last word: “The future of manufacturing—and biomanufacturing in particular—depends on our ability to inspire and prepare the next generation for the high-tech, high-impact careers ahead,” said Tue Micheelsen, Novonesis North America president and head of global consumer health.

• “For decades, Novonesis has helped strengthen America’s manufacturing workforce by supporting STEM education, advancing training programs like BioWork, and creating hands-on learning opportunities that connect talent with real-world applications.”
• “Through Manufacturing Day, we’re opening our doors to students and communities across the country to spark curiosity, challenge outdated perceptions, and show that the innovations shaping the world can start in their own backyards. These efforts aren’t just about building a pipeline of skilled workers. They’re about helping the U.S. lead the future of biomanufacturing.”

Manufacturers are hard at work on next-generation nuclear reactors and getting ready to scale up nuclear enrichment activities, but challenges lie in their way (POLITICO’s ENERGYWIRE).

What’s going on: Though it made sense at the time, the privatization of the United States Enrichment Corporation in the years following the Cold War (done due to “the anticipation that the U.S. would always have access to foreign enrichment supplies”) is now putting the American uranium enrichment market and reactor development at a disadvantage.

• This presents a problem given the U.S. ban on Russian uranium imports due to the Ukraine war.
• To shore up the American nuclear industry, the Energy Department “has started to pull startup nuclear companies into the uranium enrichment business.”
• Just this month, California-based General Matter announced that it would construct an enrichment facility in Kentucky on the site of a former U.S. government enrichment plant, saying it “can produce at a lower cost the type of enriched uranium sought out by developers of advanced nuclear reactors.”

A changing tide: In 2023, the Maryland-based Centrus Energy (U.S. Enrichment’s name since 2014), made its first batch of high-assay, low-enriched uranium, or HALEU, which is the fuel needed for next-generation nuclear reactor designs.

• “With Centrus’ inaugural batch and plans to expand their centrifuge cascade, the U.S. might yet break Russia’s de facto monopoly on advanced reactor fuel.”

Challenges: Scaling up Centrus’ Ohio enrichment site will necessitate billions in investment dollars, as well as “a [high] level of sustained political backing,” according to ENERGYWIRE.

• Another hurdle: the relatively weak market signals for HALEU, said former Nuclear Regulatory Commission Chair Dale Klein, who noted “that North America doesn’t yet have any commercial reactors operating that would use HALEU. That’s a problem for the dozen-plus entities planning to build [next-generation] reactors.”
• “It is a chicken and egg,” Klein told the news outlet. “The fuel enrichers are not going to make the fuel unless they know they’ve got a market.”

Moving forward: But Centrus is ready to get to work on enrichment, it told ENERGYWIRE.

• “Our facility is already licensed. We’ve secured $2 billion in customer contracts. As soon as federal funding is awarded, we’ll pair it with private dollars and get to work,” Centrus Vice President of Corporate Communications Dan Leistikow said.
• “Centrus offers a fully American solution: proven U.S. technology, built by American workers.”

To make electric vehicle manufacturing quicker and easier, Ford is getting back to basics (POLITICO’s CLIMATEWIRE, subscription).

What’s going on: “The Michigan automaker on Monday announced a $5 billion plan to simplify its production of electric vehicles … similar to how Ford revolutionized the car industry decades ago by creating a moving assembly line to build the company’s iconic Model T.”

• Henry Ford pioneered that technology in the early 20th century for the mass production of automobiles, and it helped make cars more affordable.
• Now the company is hoping it can do the same for EVs by streamlining manufacturing.

What they’re saying: Competitors, including lower-cost EVs from China, are “all coming for us,” Ford CEO Jim Farley said an event this week at an assembly plant in Louisville, Kentucky, where he laid out Ford’s plans for a new EV-making process.

• On stage next to Farley as he spoke was a vintage Model T pickup.

How they’ll do it: Ford’s new EV strategy will be built on “a new platform that will combine low-cost batteries and motors, which can be adapted for trucks, SUVs and other vehicles.”

• The manufacturers will put $2 billion into its Louisville facility to build the new vehicles and will put $3 billion into the expansion of its plant in Michigan to make lithium-ion batteries.

The first product: The first vehicle to be built on the new platform is a four-door pickup set for a 2027 release with a price tag of $30,000.

• The new truck will have 20% percent fewer parts than a conventional one and its assembly line will move 15% faster.
• In addition, “[t]he designers cut 4,000 feet of wire from the main wiring harness.”

Its impact: Ford and elected officials emphasized the positive effect they foresee the new strategy having on local economies.

• “Jobs will be here in this plant in Kentucky for generations to come,” Kentucky Governor Andy Beshear said. “Current Ford employees’ kids and grandkids will have an opportunity to work right here at the Louisville assembly plant one day.”
• The project is expected to create or secure 4,000 jobs, more than half of which will be in Kentucky.​​​​​​​

California’s manufacturing community has several reasons to celebrate.

What’s going on: On July 28, California marked a major milestone: the launch of the first-ever Federation for Advanced Manufacturing Education chapter west of the Rockies. Reedley College hosted both the chapter’s debut and FAME Signing Day, celebrating students who are beginning their journeys in advanced manufacturing.

• California Representatives Jim Fong and Jim Costa were on hand at Reedley on signing day, when the new Central Valley FAME Chapter was announced.
• Students in the new chapter will work part-time jobs this year at manufacturing companies while taking manufacturing-focused classes on campus.

The background: FAME is the highly successful workforce development program founded in 2010 by Toyota and now run entirely by the Manufacturing Institute, the NAM’s 501c3 workforce development and education affiliate.

Years in the making: The new chapter’s establishment was the result of four years of collaboration and commitment.

• Four years ago, Fresno County Economic Development Corporation was part of a cohort that received technical assistance from the MI, learning how to apply for the Good Jobs challenge grant from the U.S. Economic Development Administration.
• Three years ago, Fresno County EDC was awarded $23 million, allowing it to expand its work with the San Joaquin Valley Manufacturing Alliance and other regional partners.
• In 2023, Reedley College piloted a short-term manufacturing training program and started a regional listening tour for potential employers.
• Last year, dozens of manufacturers in the valley gathered to determine their training needs and start a local FAME chapter.

The MI says: “This milestone proves what’s possible when education and industry work together: a stronger talent pipeline, better career pathways and a brighter future for manufacturing in California and nationwide,” said Gardner Carrick, chief program officer at the Manufacturing Institute. “It’s proof that when industry and education come together with a shared vision, we can transform communities.”

Get involved: Learn more here about FAME and how you can tap into this global-best training resource. And don’t forget to follow FAME USA on LinkedIn.

The Trump administration is easing requirements for states’ construction of electric vehicles charging stations (POLITICO’s ENERGYWIRE, subscription).

What’s going on: “The new guidance from the Federal Highway Administration swept away Biden-era dictates that stations be built at certain intervals along highways, and removed goals both big, like uplifting disadvantaged communities, and small, like requiring plans for snow removal.”

• The changes also have the potential to get more than $2 billion National Electric Vehicle Infrastructure program funds to various projects starting in September, months after the administration halted the funding.

What it does: The new National Electric Vehicle Infrastructure program rules—which grant states 30 days to submit new EV charging facility construction plans—“give states broader latitude in how they spend their portion of federal money … [which] are allocated to states by formula.”

• States can now spend their money on light-, medium- and heavy-duty vehicle charging, and unlike in the previous administration, which required having facilities every 50 miles, will be allowed to “determine for themselves when their highway charging efforts are done.”
• Plus, by urging states to use their money “at locations where the charging site host and the company operating the chargers are the same entity,” the new regulations also direct funding to existing truck stops and gas stations, which “favors existing traditional filling stations.”

The NAM says: “Manufacturers appreciate the Department of Transportation’s updates to the NEVI program requirements to provide greater flexibility to states and businesses to get this program up and running,” said NAM Vice President of Domestic Policy Chris Phalen.

The Department of Energy announced the start of its pilot program, which will partner with 11 advanced reactor projects, aiming to bolster the nuclear energy industry (E&E News, subscription).

Big goals: The program aims to get a minimum of three reactors deployed by July 4 of next year.

The background: “The announcement comes as the Trump administration looks to reinforce domestic supply chains and expand U.S. nuclear energy capacity to 400 gigawatts by 2050.”

• “The June announcement of the program came shortly after Trump’s executive order calling for reform of the Nuclear Regulatory Commission.”

The participants: Companies involved in the program include advanced nuclear energy company Oklo—which is conducting two advanced reactor projects.

• The 10 companies in total will cover all the costs related to the test reactors, from design through construction all the way to decommissioning, according to the DOE.

The DOE says: “President Trump’s Reactor Pilot Program is a call to action,” said Deputy Secretary of Energy James P. Danly. “These companies aim to all safely achieve criticality by Independence Day, and DOE will do everything we can to support their efforts.”

The NAM says: “Nuclear energy is a safe, emissions-free component of America’s energy dominance strategy. It’s also essential for meeting additional energy needs that have arisen with the growth in data centers and the use of AI,” said NAM Vice President of Domestic Policy Chris Phalen.

• “This program will give the nuclear energy industry an important boost—to the benefit of manufacturers and all Americans.”

One of the largest midstream energy firms in the world will build a 516-mile natural gas pipeline from West Texas to Arizona (POLITICO Pro’s ENERGYWIRE, subscription).

What’s going on: The planned Desert Southwest line by Energy Transfer —a company best known for its development of the Dakota Access pipeline in the Midwest—”is slated to run along existing pipeline routes, the company said last week, and the project is expected to be completed by the end of 2029.”

• The new line is necessary to serve “population growth, high-tech industry demand and data center expansion,” Energy Transfer said in a statement.
• The Houston, Texas-based company “has a network of 140,000 miles of pipelines and related infrastructure across 44 states” and is developing a liquefied natural gas export terminal in Louisiana.

Significant interest: Arizona utilities have already announced commitments to get gas from the pipeline, which is currently slated to be three-and-a-half feet in diameter but could increase to 4 feet given the significant interest in the endeavor.

• That increase would double the expected capacity of the pipeline.

Prioritizing manufacturers in the U.S.: The new pipeline will create 5,000 new jobs, and Energy Transfer said it would be “prioritizing U.S. steel pipe manufacturers” for the project.

• In addition, the gas from this project will help supply energy to key manufacturing and AI investments being made across the Phoenix metropolitan region—including in semiconductors, automobiles, aerospace, healthcare and biosciences.

The word from Arizona: “Arizona’s economy is growing and becoming more diversified than ever, including a significant increase in advanced manufacturing,” said Arizona Public Service President and CEO Ted Geisler.

• “This new pipeline represents a long-term commitment to reliability, resilience and affordability for customers and supports the unprecedented economic momentum that makes Arizona a great place to do business.”

The NAM says: “Desert Southwest is a prime example of what can be achieved when we embrace an all-of-the-above energy strategy—one that includes harnessing our abundant natural resources,” NAM Vice President of Domestic Policy Chris Phalen said.

• “The pipeline will not only create jobs and business for U.S. manufacturers, it will also help reinforce the regional electrical grid at a critical time of explosive growth so more Americans can enjoy reliable baseload power.”