US: Annual PPI inflation falls to 2.2% in July vs. 2.3% expected

  • US producer inflation rose at a slower-than-expected pace in July.
  • Dollar Index holds near 103.00 following PPI data.

The U.S. Producer Price Index (PPI) for final demand rose 2.2% year-over-year in July, according to data released Tuesday by the U.S. Bureau of Labor Statistics. The reading followed a 2.7% increase in June and was below the market expectation of 2.3%.

The annual core PPI rose 2.4% over the same period, below analysts’ estimate of 2.7%. On a monthly basis, the PPI rose 0.1%, while the core PPI remained unchanged.

Market reaction

The Dollar Index showed no reaction to this data and was last seen moving sideways slightly above 103.00.

Source: Fx Street

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