This was a lower rate of increase than in June, when producer prices rose 5.5 percent at an annual rate.
Analysts had expected producer prices to rise 4.9 percent in July, according to a Bloomberg compilation of forecasts.
US producer prices rise 4.7% in July, below expectations
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Photo: Mike Stewart/AP/TT
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TBy TT News Agency. English edition by Sweden Herald, adapted for our readers
