US PPI beats estimates with 3.3% annual gain in July

The U. S. Producer Price Index rose way more than anyone expected last month. According to the Bureau of Labor Statistics, PPI jumped 3. 3% year-over-year in July, outpacing the Federal Reserve’s 2% target and sending a fresh wave of inflation concerns through financial markets. This 12-month increase was the highest since February and came in far […] source: https://www.cryptopolitan.com/us-ppi-beats-estimates-with-3-3-in-july/