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Wholesale inflation up 4.7% over the past year, BLS says

The Producer Price Index for final demand was flat month-over-month, as a drop in energy prices offset a rise in services

Scott Olson / Getty Images

The Producer Price Index for final demand rose 4.7% over the 12 months ended in July, the Bureau of Labor Statistics reported Thursday, unchanged from the prior month on a seasonally adjusted basis.

Final demand prices had edged down 0.1% in June and risen 0.5% in May, according to the BLS.

The flat monthly reading reflected offsetting moves across categories. A 0.2% increase in final demand services prices and a........

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