The Producer Price Index for final demand increased 1.0 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 1.0 percent in June and 0.8 percent in May. (See table A.) On an unadjusted basis, the final demand index moved up 7.8 percent for the 12 months ended in July, the largest advance since 12-month data were first calculated in November 2010. Nearly three-fourths of the July increase in the final demand index can be traced to a 1.1-percent advance in prices for final demand services. The index for final demand goods rose 0.6 percent. Prices for final ... (full story)

The Producer Price Index (PPI) in the US for final demand rose to 7.8% on a yearly basis in July from 7.3% in June, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading came in higher than the market expectation of 7.3%. On a monthly basis, the PPI arrived at 1% to match the previous print. Further details of the publication showed that the annual Core PPI rose to 6.2%, surpassing analysts' estimate of 5.6%. This report doesn't seem to be having a noticeable impact on the USD's performance against its major rivals. As of writing, the US Dollar Index was up 0.06% on the day at 92.95. (full story)