The Bureau of Labor Statistics (BLS) under the U.S. Department of Labor says on the 13th (local time) that the U.S. Producer Price Index (PPI) for July is unchanged month over month (0.0%)./Courtesy of Yonhap News

U.S. producer prices in July matched June's reading, coming in below market expectations.

The Bureau of Labor Statistics (BLS) under the Labor Department said on Aug. 13 that the U.S. Producer Price Index (PPI) for July was flat month over month (0.0%). The market had expected a 0.2% increase.

PPI rose 4.7% from a year earlier, below the market expectation of 4.9%. In contrast, core PPI, which excludes food and energy, rose 0.4% from the previous month, above the market expectation of 0.3%.

Producer prices are regarded as a leading indicator for consumer prices because they are reflected in final consumer goods prices with a time lag.

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