At 14:30 (GMT+2), the July data on the producer price index will be published in the US. It is one of the main indicators of inflation in the country and consolidates the change in prices for goods and services sold by producers. It also shows the change in the cost of their production. The index is expected to decline from 1.1% to 0.2% MoM and 11.3% to 10.4% YoY, while the base value will remain at 0.4% MoM and be adjusted from 8.2% to 7.6% YoY.
