According to a report by the U.S. Department of labor, producer price index (PPI) in the U.S. in July fell by 0.1% compared with the previous month, after rising 0.1% in June.
Analysts predicted increase in July decreased by 0.1%.
Over the past 12 months, the PPI rose 1.9%, slowing the rate of increase from +2.0% in June.
Excluding prices for energy and food, core producer price index (PPI core) in July decreased by 0.1% compared to the previous month in comparison with the forecast of an increase of 0.2%.
Over the past 12 months, the core PPI rose by 1.8% compared with +1.9% in June.