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TechFlow news, August 14 — According to Jinshi Data, driven by surging service costs, the U.S. Producer Price Index (PPI) in July rose at the fastest pace in three years. The Bureau of Labor Statistics reported on Thursday that the PPI increased 0.9% month-on-month, compared to no change in June. The index rose 3.3% year-on-year. The measure excluding food, energy, and trade services rose 0.6% from June and was up 2.8% from a year earlier.
According to Jinshi Data, driven by surging service costs, the U.S. PPI growth in July reached the highest level in three years. The Bureau of Labor Statistics report released on Thursday showed that PPI rose 0.9% month-on-month, following no change in June. The index increased 3.3% year-on-year. The measure excluding food, energy, and trade services rose 0.6% from June and was up 2.8% year-on-year.
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