PANews reports that the US Producer Price Index for July increased by 0.9% month-over-month—the highest pace in three years—with a 3.3% rise year-over-year.
According to PANews, the US Producer Price Index for July rose by 0.9% month-over-month and 3.3% year-over-year. Core PPI, excluding food, energy, and trade services, increased by 0.6% month-over-month and 2.8% annually, reflecting elevated service costs.