The Producer Price Index (PPI) for June reached 5.5%, coming in significantly lower than the anticipated 6.2% mark. This cooling trend extended to Core PPI, which settled at 4.7% against a projected 5.2%.
On a month-over-month basis, wholesale inflation contracted by 0.3%, representing the most substantial monthly decrease recorded since April 2025. These lower-than-expected figures have led to a further reduction in the probability of future interest rate hikes.