HomeTop U.S. NewsU.S. Producer Prices Rise Marginally in June

U.S. Producer Prices Rise Marginally in June

U.S. producer prices rose by 0.1% last month, the producer price index (PPI) revealed on Thursday. This follows the trend of the consumer price index, which rose marginally on Wednesday.

The lowest PPI increase in nearly three years, this development indicates that the U.S. economy is entering its disinflation phase, whereby inflation is expected to continue cooling.

Data from May’s PPI was revised to show a 0.4% decline in PPI compared to a previously reported 0.3% fall. June’s PPI was the smallest year-over-year rise reported since August 2020, rapidly slowing down from the 0.9% year-over-year rise in May.

Excluding volatile food and energy prices, the prices of core goods 0.2% last month, compared to a 0.1% rise in May. Compared to last year, core PPI was up 2.6% in June compared to 2.8% year-on-year rise in May.

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