US Producer Price Index Holds Steady in June

The Bureau of Labor Statistics reported that the US Producer Price Index (PPI) for final demand remained unchanged in June, with a year-on-year increase of 2.3%.

Goods and Services Show Mixed Trends

Goods prices saw a 0.3% rise, driven by communication equipment and energy products such as gasoline and electric power. In contrast, services experienced a slight 0.1% decline, influenced by significant drops in traveler accommodation prices and reductions in transportation and financial services. Portfolio management prices, however, provided some balance with a 2.2% increase.

Core PPI Also Reflects Stability

The Producer Price Index excluding food, energy, and trade services was flat in June compared to the previous month, marking a 2.5% advancement from the same period in 2024.