- The U.S. Producer Price Index ( #PPI ) rose by 0.8% annually in July, exceeding the predicted 0.7% and ending a 12-month streak of declines.
- PPI measures #inflation by tracking changes in #selling prices received by domestic producers for their output.
- This increase indicates a #recovery in pricing pressure and a halt to the previous period of decline.
- The unexpected PPI growth suggests heightened economic activity, implying a brighter U.S. #economic outlook post-COVID-19 challenges.
