Core U.S. Producer-Price Gauge Accelerates From a Year Ago

A core measure of prices paid to U.S. producers accelerated in July for the first time in six months, in a sign the economy is stabilizing.

The producer-price index excluding food and energy rose 0.3% from July 2019 after a 0.1% increase in the year through June, Labor Department figures showed Tuesday. The median projection in a Bloomberg survey of economists called for no change from a year earlier. Compared with the prior month, the core PPI rose 0.5% in July, the largest gain since 2018.