U.S. July PPI Beats Forecasts
July’s U.S. Producer Price Index (PPI) came in hotter than expected, jumping 3.3% year-over-year—well above the 2.5% forecast and hitting its highest level since February. On a monthly basis, prices surged 0.9%, marking the sharpest rise since June 2022. The stronger-than-expected data signals persistent cost pressures in the production pipeline, keeping inflation concerns in focus
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