Express
US July PPI Growth Rate Reaches Highest Level in Three Years
Summary: According to Jinshi's report, driven by the surge in service costs, the US Producer Price Index (PPI) in July reached its highest level in three years. A report released by the US Bureau of Labor Statistics on Thursday showed that the PPI rose by 0.9% compared to the previous month, following no change in June. ...
According to Jinshi's report, driven by the surge in service costs, the US Producer Price Index (PPI) in July reached its highest level in three years. A report released by the US Bureau of Labor Statistics on Thursday showed that the PPI rose by 0.9% compared to the previous month, following no change in June. The index increased by 3.3% compared to the same period last year. Excluding food, energy, and trade services, the index rose by 0.6% from June and by 2.8% from the same period last year.
