The US economy released the Producer Price Index report for the month of July where the PPI on monthly basis climbed by 0.2% which is the equal to the expected value, the index climbed from the previous reading of -0.5%. on yearly basis the PPI climbed by 4.2% which is also equal to the expected value while it continued the prior climb of 2.8%.
The Core PPI climbed on monthly basis by 0.3% which is better than the expected 0.2% climb, it continued the prior 0.1% climb. The Core PPI also climbed on yearly basis by 1.5% which is better than the expected 1.3%, it continued the prior 1.1% climb.
