Producer prices in the US dropped 0.3% month-over-month in June 2026, the first decline since August 2025. The Bureau of Labor Statistics released the data on July 15, and it landed like a cold glass of water on a market that had been sweating through months of escalating wholesale costs.
The reversal is notable for its sharpness. In May, the Producer Price Index for final demand climbed 1.1%, pushing the year-over-year figure to a peak of 6.5%. One month later, that annual rate has cooled to 5.5%.
What actually moved inside the numbers
The goods component did most of the heavy lifting on the downside, falling 1.4% in June. Services, meanwhile, continued to creep higher with a 0.2% increase.
Why crypto traders are paying attention
