Producer price index rose just 0.1% from a year ago, in the latest signal that inflation is slowing.

<div class="block">Producer price index rose just 0.1% from a year ago, in the latest signal that inflation is slowing.</div>

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Producer Prices Up 0.1% Year-Over-Year in June

Another read on inflation this morning. Can you break down the data? Hannah. This is great news. So the labor department released the latest producer price index earlier today which measures the changes in prices paid to producers for goods and services shows wholesale inflation picked up. Get this just 1/10 of a percent in June year on year. I had to fact check that because it doesn't seem real based on what we've been dealing with it. The smallest annual increase since August of 2020. Prices also rose up 0.1% in June from May and both of these increases came in lower than economists expected. And they do suggest that the economy has entered a disinflation phase. Certainly we've been seeing this inflation but potentially deflation might be on the horizon. So today's data does follow yesterday's consumer price index which showed inflation fell to its lowest level in more than two years in June. And the pace of price gains rose 3% last month from a year ago, 0.2% from May.