U.S. Supplier Inflation Logs Slowest Pace Since Last Fall

U.S. suppliers raised prices in July at the slowest annual pace since last fall as energy costs dropped, adding to signs price pressures in the economy have eased slightly.

The producer-price index, which generally reflects supply conditions in the economy, increased by 9.8% annually in July, the smallest annual rise since October 2021’s 8.9% increase, the Labor Department said Thursday. Producer prices climbed 11.3% in June from a year earlier.