U.S: Annual PPI Rises to 7.8% in July

The Producer Price Index (PPI) in the US for final demand rose to 7.8% on a yearly basis in July from 7.3% in June, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading came in higher than the market expectation of 7.3%. On a monthly basis, the PPI arrived at 1% to match the previous print.