FX.co ★ US Headline Producer Inflation Expected to Ease in June

US producer prices are expected to have been flat in June 2026, the weakest monthly reading in ten months, after rising 1.1% in each of the previous two months. The slowdown was likely driven by lower energy prices following the ceasefire agreement between the US and Iran. Excluding the more volatile food and energy components, core producer prices are projected to increase 0.4% in June, matching May’s gain. On an annual basis, headline producer inflation is anticipated to ease to 6.2% from 6.5%, its first slowdown in eight months after reaching the highest level since November 2022. In contrast, annual core producer inflation is expected to accelerate to 5.2% from 4.9%, the highest reading since December 2022.