The U.S. producer-price index, a measure of the prices businesses receive for their goods and services, rose a seasonally adjusted 0.6% in July, the largest monthly rise since October 2018.

Excluding the often-volatile food and energy categories, producer prices increased a seasonally adjusted 0.5% last month.

In the year ended July, the overall PPI decreased 0.4%. Excluding food and energy, the index climbed 0.3%.

The producer-price measure typically tracks the same trends as other broad inflation gauges, though it does not always translate into what consumers pay. A gauge of prices paid by the average consumer, the consumer-price index, rose a seasonally adjusted 0.6% in June, the largest monthly rise since August 2012.

--An artificial-intelligence tool was used in creating this article.

(END) Dow Jones Newswires

August 11, 2020 09:17 ET (13:17 GMT)