The monthly producer price index, a measure of prices received by producers of domestic goods and services, rose 0.2% during the month. Economists were looking for an increase of just 0.1%, while the previous reading had recorded a decline of 0.2% in May.
On an annual basis, the index recorded an increase of 2.6% compared to June, and in May it recorded 2.4%, while experts expected a recording of 2.3%.