Last updateWed, 23 Sep 2020 9pm

Manufacturing & The Economy

Producer Prices See Largest Increase in Nearly Two Years

The Producer Price Index for final demand increased 0.6% in July, seasonally adjusted, the U.S. Department of Labor reported. This rise followed a 0.2% decline in June and a 0.4% advance in May. The July increase is the largest rise since a 0.7% advance in October 2018. On an unadjusted basis, the final demand index moved down 0.4% for the 12 months ended in July.

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