The US PPI increased 4.7% year on year in July, which was lower than the expected value of 4.9% and the previous value of 5.5%; the US core PPI increased 4.2% year on year in July, which was lower than the expected value of 4.1% and the previous value of 4.7%. The data showed that the year-on-year growth rate of US PPI slowed more than expected in July, driven by a further decline in energy and food costs.

The US PPI increased 4.7% year on year in July, which was lower than the expected value of 4.9% and the previous value of 5.5%; the US core PPI increased 4.2% year on year in July, which was lower than the expected value of 4.1% and the previous value of 4.7%. The data showed that the year-on-year growth rate of US PPI slowed more than expected in July, driven by a further decline in energy and food costs.