US PPI increased 0.2% in July, following a -0.4% drop in June, according to data released by the Bureau of Labor Statistics. The result is a notch higher than the expected 0.1%. On an annual basis US PPI increased slightly in July to 7.2% in comparison with 7% registered in June. Analysts expected the indicator to remain unchanged at 7%.
US PPI excluding Food and Energy moved up from 0.3% in June to 0.4% in July, exceeding expectations of a 0.2% rise. On an annual basis US PPI excluding Food and Energy increased to 2.5%, after growing 2.4% in June and above forecasts of 2.3%.