Core PPI (ex-food and energy) rose 4.7% YoY and 0.2% MoM in June, below forecasts; headline PPI slowed to a 5.5% YoY gain. Energy prices fell 6.4% in June and transportation and storage costs declined, easing inflationary pressure. Freight rates remain elevated due to higher fuel costs and driver shortages linked to tighter immigration policy under the Trump administration. Food prices fell for the first time in three months, though food costs are still up year-to-date amid weather, war and tari

Core PPI (ex-food and energy) rose 4.7% YoY and 0.2% MoM in June, below forecasts; headline PPI slowed to a 5.5% YoY gain. Energy prices fell 6.4% in June and transportation and storage costs declined, easing inflationary pressure. Freight rates remain elevated due to higher fuel costs and driver shortages linked to tighter immigration policy under the Trump administration. Food prices fell for the first time in three months, though food costs are still up year-to-date amid weather, war and tariffs. The softer PPI, following a softer-than-expected CPI report, may give the Fed more room to delay rate hikes, but renewed Middle East hostilities could reverse the respite.