US wholesale inflation was unchanged last month despite tariff rollout
The Producer Price Index, which measures the average change in prices paid to producers, was unchanged from May, keeping the annual rate of wholesale-level inflation at 2.3%.
Economists had expected that prices would rise 0.2% on a monthly basis and 2.5% annually, according to FactSet.
PPI serves as a potential bellwether for price changes consumers may see in the months ahead.
On Tuesday, the closely watched Consumer Price Index showed that prices moved steadily higher in June, lifted in part by more expensive goods in tariff-sensitive industries.
This is a developing story and will be updated.
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