US Producer Price Index (PPI) Data for June

• Annual PPI for Final Demand: The PPI for final demand rose 2.3% year-on-year in June, marking a slight slowdown from the 2.6% increase recorded in May. This reading came in below the market expectation of 2.5%.
• Core PPI (excluding food and energy): The annual core PPI increased by 2.6% in June, down from the 3% rise in May. This suggests a moderation in the underlying inflation pressures.
• Monthly Change: On a monthly basis, both the headline PPI and the core PPI were unchanged, showing no immediate inflationary pressures in June.

Summary:

The PPI data indicates that inflationary pressures in the U.S. are showing signs of easing, as both the overall and core PPI growth slowed compared to the previous month. The unchanged monthly figures also suggest that price pressures may be stabilizing for now. This could influence expectations for future Federal Reserve actions regarding interest rates.