June PPI: -0.3% MoM vs 0% MoM expected (below expectations)
June PPI fell 0.3% MoM versus expectations for an unchanged reading, while the annual final-demand rate eased to 5.5%. Goods prices dropped 1.4% on lower energy, services rose 0.2%, and core less food, energy, and trade services rose just 0.1%.
📊 Results
Actual Reading
Market Reaction
💡 Key Takeaway
Back-to-back cooler CPI and PPI reports changed the inflation tone. Pipeline prices were still high year over year, but the June monthly decline showed energy relief moving upstream and took pressure off the July FOMC setup.
📖 Why This Matters
Producer prices report whether the summer inflation impulse is cooling or just moving upstream.
June PPI actual vs expected
| Release date | Wednesday, July 15, 2026 at 08:30 ET |
|---|---|
| Event type | PPI |
| Actual | -0.3% MoM |
| Expected | 0% MoM |
| Prior | 0.6% MoM |
| Expectation surprise | below expectations |
📚 Related calendar tools and guides
How to Read the Fed Dot Plot
Connect inflation, jobs, and growth data to the Fed policy path.
Economic Calendar
Track upcoming CPI, PPI, jobs, GDP, Fed, and major earnings events.
Calendar History
Review actual vs expected results and market reactions from past events.
Market Pulse
See how equities, crypto, rates, commodities, and risk assets are reacting now.
FAQ
What was the June PPI result?
June PPI came in at -0.3% MoM versus 0% MoM expected, below expectations.
How did markets react to June PPI?
Equity futures firmed modestly after the release, with S&P 500 futures up about 0.2% as traders leaned into a Fed-on-hold interpretation.
🔗 Related Events
January PPI
Hot — headline PPI +0.5% MoM (vs +0.3% expected), driven by services costs surging. Core PPI +3.6% YoY. Tariff passthrough showing up in producer prices.
February PPI
Producer prices jumped 0.7% MoM in February, well above the 0.3% consensus. The yearly pace accelerated to 3.4%, showing pipeline inflation was heating up before second-round war effects fully hit.
March PPI
Producer prices rose 0.4% MoM in March, hotter than the 0.2% consensus, with headline PPI accelerating to 3.5% YoY and core measures staying sticky. The report reinforced the idea that pipeline inflation pressure was still building after the war-driven energy shock.