WASHINGTON, Aug.12 (Reuters) – The rise in producer prices in the United States accelerated more than expected in July, suggesting that inflation could remain high amid tensions in supply chains, show official statistics released Thursday.
The Labor Department announced a 7.8% year-on-year increase in the Producer Price Index (PPI) for final demand, and 1% from June.
Economists polled by Reuters forecast an average growth of 7.3% year-on-year and 0.6% over one month.
In June, the PPI index had risen 1% and 7.3% year on year.
Painting:
(Report Lindsay Dunsmuir, French version Laetitia Volga, edited by Marc Angrand)
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