producer price index

The producer price index rose 4.1% year on year, the highest rate since July 2022

They have risen strongly in 2026, partly driven by higher energy costs from the Iran war

Further increases are likely due to oil prices shooting up on Monday to more than US$100 a ‌barrel

It surged 0.7% last month, lifted by services

A 0.8% jump in services accounted for the rise in the PPI

Excluding food and energy, the PPI edged up 0.1%

This adds to the case for the Federal Reserve to cut interest rates

The producer price index increased 0.9% from a month earlier after no change in June

[BEIJING] China’s consumer prices were unchanged in July, while producer prices fell more than expected, underscoring the impact of sluggish domestic demand and persistent trade uncertainty on consume...