Breaking News: US core PPI rises by 3.0% Y/Y in May vs 3.1% expected

[Redator]

• Producer Price Index (PPI) ex. Food & Energy (Core) (YoY): 3.0% vs 3.1% expected, miss of -0.1%
• Producer Price Index (PPI) ex. Food & Energy (Core) (MoM): 0.1% vs 0.3% expected, miss of -0.2%
• Producer Price Index (PPI) (YoY): 2.6% vs 2.6% expected, meets consensus
• Producer Price Index (PPI) (MoM): 0.1% vs 0.2% expected, miss of -0.1%

US Producer Price Index Report (May 2025):

Producer Price Index YoY (red non-core, blue core), Bureau of Labor Statistics (BLS), 12/06/2025

Breaking: US core PPI rises by 3.0% YoY in May, up 0.1% MoM. The report misses expectations, with markets predicting a higher rate of 3.1% YoY, and a monthly gain of +0.3%.

As part of the same release, non-core PPI rose by 2.6% YoY, gaining 0.1% MoM. While the yearly rate met consensus, markets expected a larger monthly gain of +0.3%.

Key takeaway: Core US producer inflation is rising more slowly than expected.

Market Reaction

In the minutes that followed the release, EUR/USD rose by 0.18%, extending daily gains, while the Dow Jones rose by 0.20%. Gold (XAU/USD) also trades higher, up 0.12%.

Updates to follow

Read yesterday’s coverage on the Consumer Price Index (CPI) release

Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.
If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.
Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.
© {CURRENT_YEAR} OANDA Business Information & Services Inc.