Wholesale inflation in July decelerated to 4.7%, outperforming the 4.9% forecast previously set by analysts. Core PPI metrics arrived at 4.2%, aligning perfectly with the expected 4.2% figure. Monthly producer price growth remained stagnant at 0.0%, marking the first time this level was reached since June 2025.
These latest figures have led to a continued decrease in the perceived likelihood of upcoming interest rate hikes. The cooling data suggests a faster-than-anticipated moderation in factory-gate prices, influencing broader monetary policy outlooks.