US: Producer Price Index for final demand was unchanged in July vs. +0.2% expected

Eren Sengezer FXStreet

"The Producer Price Index for final demand was unchanged in July, seasonally adjusted," the U.S. Bureau of Labor Statistics announced on Thursday.

Key highlights from the official press release

Final demand prices advanced 0.3 percent in June and 0.5 percent in May.
On an unadjusted basis, the final demand index increased 3.3 percent for the 12 months ended in July.
The index for final demand less foods, energy, and trade services moved up 0.3 percent in July, the same as in June.
For the 12 months ended in July, prices for final demand less foods, energy, and trade services climbed 2.8 percent.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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