US annual PPI inflation tops expectations, stocks fall

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US annual PPI inflation tops expectations, stocks fall

fell to premarket lows after the release of the US Producer Price Index for June, which indicated a higher-than-anticipated increase in prices.

The data also showed that US producer prices in June increased by 0.2% month-over-month, which was above the expected 0.1% rise. In a broader context, the overall producer prices in the US rose by 2.6% year-over-year, above the consensus of +2.3% .Scan QR code to install app

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