US PPI for final demand dropped -0.5% mom in July, versus expectation of 0.2% mom rise. The decrease is attributable to -1.8% mom decline in goods while services rose 0.1% mom. For the 12-months, PPI rose 9.8% yoy, slowed from June’s 11.3% yoy.
Prices for final demand less foods, energy and trade services rose 0.2% mom. For the 12 months, PPI less foods, energy and trade services rose 5.8% yoy.