US producer prices unexpectedly declined in June, extending the disinflationary message delivered by Tuesday’s softer consumer inflation report. The Producer Price Index fell -0.3% mom, compared with expectations for a 0.2% increase, while annual producer inflation slowed from a revised 6.0% yoy to 5.5% yoy. The downside surprise suggests pipeline inflation eased more sharply than […]The post US PPI Misses Forecasts as Energy Prices Drive Biggest Goods Decline Since 2022 appeared first on ActionForex.