Producer Price Index: Wholesale Inflation Unexpectedly Rises in June

Wholesale inflation unexpectedly rose last month. Here is the latest news release from the Bureau of Labor Statistics.

The producer price index for final demand increased 0.2% month-over-month (s.a.), more than the expected 0.1% growth. On a non-seasonally adjusted annual basis, headline PPI accelerated from 2.4% in May to 2.6% in June, coming in above the expected 2.3% growth.

Core PPI (excluding food and energy) for final demand was rose 0.4% last month, less than the expected 0.2% growth. On a non-seasonally adjusted annual basis, core PPI accelerated from 2.6% year-over-year in May to 3.0% in June, coming in above the expected 2.5% growth.

Below is a chart of the historical series with a callout to the most recent 12 months.

PPI - producer price index year over year