U.S. producer prices remained unchanged in June after a slight increase in May, according to the latest government data.

The Bureau of Labor Statistics released its monthly Producer Price Index report on July 16, showing that financial demand was unchanged month-over-month during June 2025, following a 0.3% increase in May (revised from +0.1%) and a 0.2% decline in April.

On an annual basis, June’s PPI increased 2.3%, down from 2.6% in May and 2.4% in April.

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Economists had forecasted a 0.2% gain for June and a 2.5% annual increase — both falling below economists’ estimates.

June’s unchanged report was impacted predominantly by prices for final demand services, which increased 0.3% month-over-month, following a 0.1% increase in May. Meanwhile, the index for final demand goods declined 0.1% during June.

U.S. Producer Price Index Month-Over-Month

source: tradingeconomics.com

The PPI tracks average price shifts at the wholesale level before they reach customers.

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Core PPI—which excludes volatile food and energy categories — were unchanged in June month-over-month, following an increase in May (0.1%) an its first decline in April (-0.1%) since April 2020. Core PPI for the 12 months that ended in June rose 2.5%

U.S. Producer Price Index Year-Over-Year

source: tradingeconomics.com

The Bureau of Labor Statistics released its monthly Consumer Price Index summary on July 15, which reported a 0.3% increase in ats all-items index month-over-month, following a 0.1% gain in May and a 0.2% increase in April. The CPI all-items index increased 2.7% for the 12 months that ended June.