(BLS) US producer prices rose by 1.0% in July, more than expected 0.6%, pointing to further input cost increases and inflation.
Services accounted for nearly three-quarters of the July advance in producer prices after increasing by 1.1%, less than the goods demand rise of 0.6%.
The final demand index was up 7.8% for the 12 months that ended in July, a record advance since November 2010.
Less food, energy, and trade services, the index for final demand was up 6.1% for the 12 months ending in July, the largest increase since August 2014.
SPY is down -0.014%, DXY is up +0.11%.
