US: PPI came in flat MoM in July

FXstreet.com (Edinburgh) - The Labour Department reported that Producer Prices came in flat on a monthly basis during July, missing expectations at 0.3% and lower than June’s print at 0.8%. Over the last twelve months, prices rose 2.1% vs. 2.4% forecasted. Ex food and energy, prices rose 0.1% MoM and 1.2% YoY.