U.S. Core PPI Growth Slows Unexpectedly in June; NY Fed Manufacturing Index Rises
2026-07-15 12:50:11
A core measure of U.S. producer price inflation unexpectedly slowed in June, indicating that the impact of the conflict related to the situation in Iran remains somewhat manageable. According to Jin10, the producer price index excluding food and energy rose 4.7% year-over-year and 0.2% month-over-month, as reported by the Bureau of Labor Statistics on Wednesday. The headline PPI increased 5.5% year-over-year. A separate report from the New York Federal Reserve showed that the general business conditions index for manufacturing activity rebounded in July, driven by increases in new orders and shipments, while the employment index rose to its highest level since December 2022. Although the prices paid indicator declined, it remained elevated; meanwhile, firms' expectations for both future prices paid and prices received decreased.
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