U.S: Annual PPI Climbs to 7.3% in June

The Producer Price Index (PPI) in the US for final demand rose to 7.3% on a yearly basis in June from 6.6% in May, the data published by the US Bureau of Labor Statistics showed on Wednesday. This reading beat the market expectation of 6.8% by a wide margin. On a monthly basis, the PPI increased to 1% from 0.8%.