Solid increase in the Producer Price Index in July in the US

August 13, 2024 Tóth Balázs
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The Producer Price Index for final demand rose 0.1 percent in July on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported.
In June, final demand prices increased 0.2 percent, compared with no change in May. (See Table A.) Compared with the same period a year earlier, the final demand index increased 2.2 percent on an unadjusted basis.
The July increase was mainly due to higher prices for final demand goods, which rose by 0.6 percent.
In contrast, the services index of final demand fell by 0.2 percent.
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