WASHINGTON — The producer price index rose 0.2% in July on a seasonally adjusted basis, the Labor Department reported Wednesday, following an unrevised 0.4% drop in June.
Core producer prices, excluding food and energy, rose 0.4%, the eighth consecutive increase. June’s number was a revised 0.3% increase.
The median estimates from economists were for no change in the overall number and a 0.2% rise for the core number.