U.S. producer inflation decelerates in June from May

U.S. producer inflation cooled in June from May, economic data showed on Wednesday, a day after a similar print for consumer prices.

According to the Bureau of Labor Statistics, the headline U.S. producer price index (PPI) fell 0.3% M/M in June, while the core PPI rose 0.2%. On a Y/Y basis, headline PPI ticked up 5.5% and core PPI advanced 4.7%.