According to Odaily Planet Daily, the U.S. producer price index (PPI) rose at its fastest pace in three years in July, driven by soaring service costs. The Bureau of Labor Statistics reported Thursday that the PPI rose 0.9% from the previous month, following no change in June. The index rose 3.3% year-over-year. Excluding food, energy, and trade services, the index rose 0.6% from June and 2.8% year-over-year. (Jinshi)