Partly reflecting an increase in prices for services, the Labor Department released a report on Friday showing U.S. producer prices climbed by slightly more than expected in the month of July.
The Labor Department said its producer price index for final demand rose by 0.3 percent in July following a revised unchanged reading in June.
Economists had expected producer prices to inch up by 0.2 percent compared to the 0.1 percent uptick originally reported for the previous month.
For comments and feedback contact: editorial@rttnews.com
Business News
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.