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
Producer prices in the United States rose 4.7 percent in July compared with the same month last year, according to monthly figures from the US Department of Labor.
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