US PPI for final demand fell -0.2% mom in May, below expectation of 0.2% mom rise. PPI goods fell -0.8% mom, largest decline since October 2023. PPI energy fell -4.8% mom. PPI food fell -0.1% mom while PPI ex food and energy rose 0.3% mom. PPI services was unchanged. PPPI less foods, energy, and trade services was also unchanged.
For the 12-month period, PPI rose 2.2% yoy, matched expectations. final demand less foods, energy, and trade services rose 3.2% yoy.
