According to Jin Ten data, the U.S. June PPI data unexpectedly fell short of expectations, mainly due to a decline in service prices. The report from the U.S. Bureau of Labor Statistics shows that the Producer Price Index and Core Producer Price Index remained flat month-on-month, both lower than market expectations.
The previously released CPI data shows that the effects of increased tariffs have permeated various categories, including home goods, appliances, and leisure products. Although inflation has been moderate this year, economists expect that as businesses offset trade costs, inflation will gradually rise.
