Financial Schools Reviews

() - After reporting decreases in producer prices in the three previous months, the Labor Department released a report Tuesday morning showing a modest increase in producer prices in July that came in line with economist estimates.

The Labor Department said its producer price index rose by 0.2 percent in July following an unrevised 0.5 percent decrease in June. The modest rebound in prices came in line with the expectations of economists.

Core producer prices, which exclude food and energy prices, increased by 0.3 percent in July after edging up by 0.1 percent in June. The increase, which exceeded economist estimates for 0.1 percent growth, marked the fastest pace of core price growth since January.

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