US Producer Price Index in June Rises 0.1%, Below Expectations

The U.S. Department of Labor announced on the 13th (local time) that the Producer Price Index (PPI) rose by 0.1% compared to the same period last year. The market forecast was 0.4%.

This represents a 1.0 percentage point slowdown compared to May's PPI, which increased by 1.1% year-on-year.

Last month's core PPI, excluding energy and food, rose by 2.8% year-on-year.