Thu, 14 Jul 2016 14:00:04 GMT
US PPI grows more than expected in June
Producer prices in the United States rose 0.3% on an annual basis in June, following the 0.1% drop seen in the previous month, while analysts anticipated an unchanged figure in the reported month. On a monthly basis, the PPI increased 0.5%, up from May's 0.4%, whereas market analysts expected the Index to fall to 0.3% in June.