Cailian Press reported that U.S. producer prices rose 4.7% in July from a year earlier, missing the 4.9% advance that economists had projected. The annual rate eased from a 5.5% gain in June. On a month-over-month basis, the Producer Price Index was flat, versus expectations for a 0.2% increase.
U.S. producer prices climbed 4.7% in July from a year earlier, missing the 4.9% gain forecast by economists, according to Cailian Press. The annual reading eased from a 5.5% increase in the prior month.
On a month-over-month basis, the Producer Price Index was flat, against forecasts for a 0.2% rise.
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