Seasonally adjusted U.S. producer prices were flat month over month in July, following a 0.3% increase in June, data from the U.S. Bureau of Labor Statistics showed.

Econoday projected a 0.3% monthly increase.

The index for final demand services slipped 0.1%, its first decline since December 2017. Prices for final demand goods were up 0.1%.

On an unadjusted basis, the final demand index rose 3.3% in the 12 months that ended in July.