A report released by the Labor Department on Thursday showed producer prices unexpectedly came in unchanged in the month of July.
The Labor Department said its producer price index was unchanged in July after rising by 0.3 percent in June. Economists had expected producer prices to increase by 0.2 percent.
The unchanged reading on producer prices came as a 0.1 percent uptick by the index for final demand goods was offset by a 0.1 percent dip in prices for final demand services.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.