US producer prices fell 0.3% in June; annual producer inflation eased to 5.5%

The US Bureau of Labor Statistics reported on Wednesday, July 15, 2026, that the Producer Price Index (PPI) for final demand fell 0.3 percent in June from the prior month on a seasonally adjusted basis, the first monthly decline in about a year and against market expectations for an unchanged reading. On a 12-month basis, producer inflation eased to 5.5 percent, down from 6.5 percent in May.

The monthly drop was driven mainly by a 1.4 percent fall in final demand goods prices; energy fell 6.4 percent and gasoline dropped 12 percent, while services prices rose 0.2 percent. The core index (excluding food and energy) rose 0.2 percent in June and 4.7 percent from a year earlier.

The data came a day after June consumer inflation (CPI) printed at 3.5 percent. Following the two reports, traders abandoned bets on a Federal Reserve rate increase at the July 28 to 29 meeting and the dollar index slipped, which typically supports global gold and safe-haven assets. Analysts caution, however, that the jump in oil prices amid Strait of Hormuz tensions could add fresh inflationary pressure.