Producer Price Index: Wholesale Inflation Cooler Than Expected in June

Wholesale inflation cooled to its lowest level in nine months in June. The producer price index for final demand increased 2.3% year-over-year, a slowdown from 2.7% in May and lower than the expected 2.5% growth. Wholesale prices were flat month-over-month after rising 0.3% in May. This was lower than the expected 0.2% growth.

Core PPI (excludes food and energy) eased to 2.6% from 3.2% in May and was lower than the expected 2.7% annual growth. On a monthly basis, core wholesale prices were flat after rising 0.4% in May. This was lower than the expected 0.2% growth.

PPI - producer price index year over year