Shafaqna English- In an unexpected turn, U.S. producer prices dropped in June, offering further evidence that inflation was easing prior to the latest flare-up in the Middle East.
On Wednesday(15 Jul 2026), the Labor Department’s Bureau of Labor Statistics reported that the PPI for final demand fell 0.3% last month, after a downward revision of May’s gain to 0.6%. Reuters polls had forecast the index to hold steady, after an initial reading had shown a 1.1% rise in May.
On an annual basis, the PPI climbed 5.5% for the 12-month period ending in June, down from May’s 6.0% increase.
Source: Reuters