US producer price index was unchanged in July after rising by 0.3 percent in June, a report released by the Labor Department on Thursday showed. The unchanged reading on producer prices came as a 0.1 percent uptick by the index for final demand goods was offset by a 0.1 percent dip in prices for final demand services. Excluding food and energy prices, the core producer price index inched up by 0.1 percent in July after climbing by 0.3 percent in the previous month. Core prices had been expected to rise by 0.2 percent. Compared to the same month a year ago, producer prices in July were up by 3.3 percent, reflecting a modest slowdown from the 3.4 percent increase in June.
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