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US producer inflation eases to 5.5% in June

The PPI fell 0.3% month over month after a 0.6% May increase, while core PPI ex Food and Energy rose 0.2% on the month.

Reported · Written up by our desk · Inflation

US producer inflation slowed in June as the Producer Price Index dropped to 5.5% year over year, down from 6.0% in May, according to data reported by the US Bureau of Labor Statistics and summarized by FXStreet. The reading also came in below the market expectation of 6.2%.

On a monthly basis, the PPI declined 0.3% after increasing 0.6% in May, the report showed. Core PPI excluding Food and Energy rose 0.2% month over month and 4.7% year over year.

FXStreet said the US dollar faced modest bearish pressure after the release, with the US Dollar Index retreating from session highs and trading near 100.90 at the time of publication.

The PPI measures changes in the prices of a representative basket of goods and services, with headline inflation reported both month over month and year over year, and core measures excluding more volatile food and energy components.

Latest closeDollar index 100.94 ▼0.3%

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