The US Producer Price Index (PPI) for final demand fell 0.3% in June after rising in the previous two months, while remaining 5.5% higher than a year earlier, according to the Bureau of Labor Statistics. The decline was driven by a 1.4% drop in goods prices, mainly due to a sharp fall in energy costs, including a 12.0% decline in gasoline prices. In contrast, service prices rose 0.2%, supported by higher retail trade margins.
Excluding food, energy, and trade services, core producer prices increased 0.1% in June and 5.1% over the past year, indicating that underlying inflationary pressures remained elevated despite the monthly decline in overall wholesale prices.
