US producer prices rise less than forecast, dragged by services
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US producer prices rose 0.1% in July, less than the forecasted 0.2% gain; The producer price index for final demand rose 2.2% compared to a year ago; The PPI excluding food and energy categories was unchanged in July; The core PPI rose 2.4% from a year ago; Services costs decreased 0.2%, while prices of goods climbed 0.6%; Traders pushed up odds of a half-point rate cut in September; The weakness in final demand services reflected a reversal in margins during the month after a large increase in June

#UsProducerPrices #Inflation #ServicesCosts

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