U.S. PPI Growth Slows to 2.3% in June, Missing Forecasts

- Annual PPI growth decelerated to 2.3% in June, down from 2.7% in May. - Monthly PPI remained flat, falling short of the forecasted 0.2% increase. On July 16, 2025, Mitrade reported the U.S. Producer Price Index (PPI) rose 2.3% year-over-year in June, a slowdown from May's upwardly revised 2.7% figure. According to the U.S. Bureau of Labor Statistics, the monthly PPI remained unchanged in June, falling short of economists’ projections for a 0.2% increase and defying expectations of continued growth. Core PPI, which excludes volatile food and energy categories, also registered no change for the month, missing the anticipated 0.2% rise. Breaking down the components, goods prices rose 0.3%, fueled by a 0.6% increase in energy costs and a 0.2% rise in food prices. In contrast, a 0.1% decline in services offset these gains and contributed to the overall flat reading. A notable price adjustment occurred in the chicken egg market, where costs plunged 21.8% in June. This drop reflects a sharp correction after earlier supply-driven surges. Although the easing of wholesale inflation provides some relief, the 2.3% annual PPI rate remains above the Federal Reserve’s 2% inflation target. This suggests that inflationary pressures persist in certain economic sectors. According to CoinMarketCap data on July 16, Bitcoin (BTC) was trading at $31,547 while its 24-hour trading volume increased by 1.8%. Meanwhile, Ethereum (ETH) traded at $2,019, marking a 1.5% rise over the same period.