US: PPI Edges Higher to 0.3% in July

The Producer Price Index (PPI) in the US for final demand rose from -0.2% in June to 0.6% in July, the data published by the US Bureau of Labor Statistics showed on Tuesday. On a yearly basis, the PPI edged up to -0.4% and came in higher than the market expectation of -0.7%.

Further details of the publication revealed that the annual core PPI, which excludes volatile food and energy prices, climbed to 0.3% and surpassed analysts’ estimate of 0%.