US PPI for final demand rose 1.0% mom in June, above expectation of 0.5% mom. For the 12 month period, PPI accelerated to 7.3% yoy, up from 6.6% yoy, above expectation of 7.1% yoy. That’s the largest annual rise since 12-month data were first calculated in November 2021. PPI core came in at 1.0% mom, 5.6% yoy, above expectation of 0.4% mom, 5.3% yoy.
