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United States Producer Price Index ex Food & Energy (YoY) below expectations (2.7%) in June: Actual (2.6%)

United States Producer Price Index ex Food & Energy (YoY) below expectations (2.7%) in June: Actual (2.6%)
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US annual PPI inflation softens to 2.3% in June vs. 2.5% expected

The Producer Price Index (PPI) for final demand in the US rose 2.3% on a yearly basis in June, the data published by the US Bureau of Labor Statistics showed on Wednesday. This reading followed the 2.6% increase recorded in May and came in below the market expectation of 2.5%.
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