• Previous -3.2%
  • PPI -1.5% vs. -1.3% y/y expected
  • Previous +1.0%; adjusted to +0.9%

Looking at the breakdown, the big drag again came from the energy sector (-5.0%) as prices for intermediates (-1.0%) and non-durables (-0.1%) also fell. Prices of capital goods were stable month-on-month, prices of durable goods rose by 0.3%. If you take out energy, producer prices fell just 0.4% in June.

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