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The PPI growth rate in the United States reached its highest level in three years in July.
Jin10 data reported on August 14, affected by soaring service costs, the PPI growth rate in the United States reached its highest level in three years in July. The report released by the U.S. Bureau of Labor Statistics on Thursday showed that the PPI rose by 0.9% compared to the previous month, while there was no change in June. The index increased by 3.3% compared to the same period last year. The indicator excluding food, energy, and trade services rose by 0.6% compared to June and increased by 2.8% compared to the same period last year.