US PPI for final demand rose 0.2% mom in June, slightly above expectation of 0.1% mom. PPI rose 2.6% yoy for the 12 months ended in June, above expectation of 2.2% yoy. That’s also the largest annual advance since March 2023.
PPI less foods, energy, and trade services were unchanged at 0.0% mom. For the 12 months period, PPI less foods, energy, and trade services rose 3.1% yoy.
Full US PPI release here.
