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US producer prices rise less than forecast, dragged by services

Producer Price Index increased 2.2% YoY

Bloomberg News

US producer prices rose in July by less than forecast, reflecting the first decline in services costs this year amid an ongoing moderation in inflationary pressures. . The producer price index for final demand increased 0.1% from a month earlier, according to a Bureau of Labor Statistics report released Tuesday. . The median forecast in […]

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