Market 07/12: PPI rises again - corporate profit margins still high

Unlike yesterday's CPI report, today's PPI data shows producer inflation still high: especially as previous month's data also adjusted up…

June headline PPI rises +2.6% YoY (est +2.3% | prev +2.4% - revised up from +2.2%).

Core PPI rises +3% YoY (est +2.5% | prev +2.6% - revised up from +2.3%) - highest since March 2023.