The Producer Price Index in the United States for July shows an annual increase of 3.3%, exceeding market expectations of 2.5%. This represents the highest level since February. The monthly index also rose by 0.9%, the largest increase since June 2022.

*Details of the increase:*

- Annual increase: 3.3%

- Monthly increase: 0.9%

- Reasons for the increase: Rising prices of services and goods, especially imported food products.

*Potential impact:*

This rise may lead to increased inflationary pressures and effects on the Federal Reserve's decisions regarding interest rates. Economists are closely monitoring the impact of this increase on consumers and the overall economy.#HotJulyPPI $PROM #BinanceNews $BNB