United States Producer Price Inflation MoM

US producer prices were unchanged in June from May 2025, following an upwardly revised 0.3% rise in the previous period and below forecasts of a 0.2% gain. Prices of services were down 0.1%, after increasing 0.4% in May, led by a 4.1% plunge in prices for traveler accommodation services. The indexes for automobiles and automobile parts retailing, deposit services, airline passenger services, and food and alcohol wholesaling also decreased. Meanwhile, prices of goods rose 0.3%, the most since February, mainly boosted by a 0.8% increase in communication and related equipment. The indexes for gasoline; residential electric power; canned, cooked, smoked, or prepared poultry; meats; and tree nuts also moved higher. Annual producer inflation fell to 2.3%, the lowest since September 2024, compared to an upwardly revised 2.7% in May and forecasts 2.5%. Core PPI also flattened, compared to forecasts of a 0.2% rise and the annual core rate fell to 2.6% from 3.2%, also below expectations of 2.7%.