U.S. producer prices rose in July for the first time in four months, pulled by higher prices for food and consumer goods, a U.S. government report showed on Tuesday.
The Labor Department said the seasonally adjusted index for prices paid at the farm and factory gate rose 0.2%, in line with Wall Street analyst
expectations, after dipping 0.5% in June.
expectations, after dipping 0.5% in June.
In the 12 months to July, producer prices increased 4.2% after rising 2.8% in May. The year-on-year increase was also in line with forecasts.
