Producer prices in the USA rose significantly more than expected in July. The increase was 0.9 percent compared to June. The economists had expected 0.2 percent.
On an annual basis, the increase is 3.3 percent.
Adjusted for food and energy, producer prices rose by 0.9 percent, compared to the expected 0.2 percent.
Stock prices fell in pre-trading in the USA after the announcement, at the same time as interest rates rose because the statistics reduce the likelihood that the US central bank will lower interest rates at the next meeting.
