U.S. July PPI Annual Rate Cools to 4.7% vs 4.9% Forecast

Producer prices eased to 4.7% YoY in July, beating the 4.9% forecast and dropping from 5.5%. Monthly change hit 0%, aligning with expectations.

Woofun AI data shows that the U.S. annual Producer Price Index inflation rate registered at 4.7% for July, higher than the 4.9% market consensus while declining from the prior 5.50% reading. The monthly PPI rate stood at 0%, matching the 0.20% expectation, whereas the previous month's figure was adjusted upward from -0.30% to -0.1%.