#HotJulyPPI The U.S. PPI for July exceeds market expectations

According to BlockBeats, the Producer Price Index (PPI) for the U.S. in July recorded a year-on-year increase of 3.3%, significantly surpassing market expectations of 2.5%. This is the highest level since February. Additionally, the monthly PPI rose by 0.9%, the largest increase since June 2022.