U.S. August PPI Shows Lower Than Expected Growth

According to BlockBeats, the Producer Price Index (PPI) in the United States for August showed a year-on-year increase of 2.6%, falling short of the anticipated 3.3% and the previous value of 3.30%. Additionally, the monthly PPI for August decreased by 0.1%, contrasting with the expected rise of 0.30% and the prior month's increase of 0.90%.