US annual PPI inflation rises to 2.6% in June vs. 2.3% expected
Source Fxstreet
- Producer inflation in the US rose at a stronger pace than expected in June.
- US Dollar Index stays below 104.50 following the PPI data.
The Producer Price Index (PPI) for final demand in the US rose 2.6% on a yearly basis in June, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed the 2.2% increase recorded in May and came in above the market expectation of 2.3%.
The annual core PPI rose 3% in the same period, coming in above April's increase and the market expectation of 2.3% and 2.5%, respectively. On a monthly basis, the PPI increased 0.2%, while the core PPI rose 0.4%.
Market reaction
The US Dollar Index edged slightly higher with the immediate reaction to the producer inflation data and was last seen losing 0.12% on the day at 104.37.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Gold rises to near $5,200 amid US tariff uncertainty, US PPI data in focusGold (XAU/USD) attracts some buyers to around $5,195 during the early Asian session on Friday. The precious metal edges higher as US tariff uncertainty spurs safe-haven demand. Traders await the release of the US January Producer Price Index (PPI) reports later on Friday for fresh impetus.
Gold (XAU/USD) attracts some buyers to around $5,195 during the early Asian session on Friday. The precious metal edges higher as US tariff uncertainty spurs safe-haven demand. Traders await the release of the US January Producer Price Index (PPI) reports later on Friday for fresh impetus.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility.
Silver Price Forecast: XAG/USD jumps above $90 as AI valuation risks boost safe-haven demandSilver price (XAG/USD) is up 2.4% to near $90.60 during the European trading session on Friday. The white metal strengthens as escalating concerns over valuations of Artificial Intelligence (AI) stocks have prompted demand for safe-haven assets.
Silver price (XAG/USD) is up 2.4% to near $90.60 during the European trading session on Friday. The white metal strengthens as escalating concerns over valuations of Artificial Intelligence (AI) stocks have prompted demand for safe-haven assets.
