U.S. Producer price inflation added 0.3% in July

PPI in the world's biggest economy jumped more-than-expected, by 0.3 per cent in July, after increasing by 0.1 per cent in the previous month. Meanwhile, core prices also advanced, adding 0.4% in July. The Fed uses core prices as a better measure for future inflationary pressure, as they do not take in to account energy and food categories.