U.S. July PPI rises 0.9%, above market expectations

The U.S. Bureau of Labor Statistics announced that the Producer Price Index (PPI) rose 0.9% month-over-month, far above the 0.2% forecast, according to data from the U.S. Bureau of Labor Statistics, shared by Investing.com. Core PPI also increased 0.9% month-over-month, above the forecast of 0.2%. The PPI is reflected in the Consumer Price Index (CPI) with a delay.