The producer price index, according to the Labor Department, experienced a 0.3% increase in July. This marks a rise from the previously reported unchanged figure in June and stands as the most significant upswing since January.
Earlier, economists polled by The Wall Street Journal had forecast a 0.2% advance.
The core producer price index, which excludes volatile food, energy prices, and trade services rose 0.2 in July, up/down from a 0.1% gain in the prior month.
