Headline Inflation Climbed Less Than Expected In June. Wholesale Prices Fell Too

The producer price index fell 0.3% in June, beating expectations. (Credit: Getty Images)

The producer price index unexpectedly fell in June, beating expectations. Concretely, the producer price index fell 0.3%, when analysts expected it to remain flat.

Figures from the Bureau of Labor Statistics showed the index rising 5.5% for the year, with the May reading being revised sharply lower: from 1.1% to 0.6%. The core PPI rose 0.2%, lower than expectations.