Producer Price Index: Wholesale Inflation Holds Steady in June

The Producer Price Index (PPI) measures inflation before it’s passed down to the consumer. This morning’s number shows that it remained unchanged in June. The markets were preparing for a slightly higher reading.

Year-over-year, it’s up 2.3 percent, also lower than previously expected. This comes after yesterday’s Consumer Price Index (CPI), which was on target, indicating that inflation may finally be showing signs of cooling.

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