In the US, the Producer Price Index (PPI) fell by 0.2 percent month on month, as expected in June.
The U.S. Department of Labor has released PPI data for June. Accordingly, PPI decreased by 0.2 percent in June compared to the previous month. The market expectation for the said data was about to increase by 0.4 percent this month.
PPI, which declined in contrast to market expectations in this period, increased by 0.4 percent monthly in May.
Producer prices decreased by 0.8 percent on an annual basis in June. Markets expected producer inflation to drop by 0.2 percent on an annual basis.
CORE PPI INCREASED 0.3 PERCENT
Core PPI, which does not include variable food and energy prices, rose by 0.3 percent in June, the highest increase since January. Çekirdek PPI decreased by 0.1 percent in June on an annual basis.
The market expectation for core producer inflation was 0.1 percent monthly and 0.4 percent annual growth in June.
The PPI measures the prices of inputs used in production and gives clues about final product prices and headline inflation. The Federal Reserve (Fed) tracks all inflation indicators, including the PPI.