US producer prices are expected to rise 0.2% month-on-month in July 2025, rebounding from a flat reading in June. Core PPI, which excludes food and energy, is also seen up 0.2% after being unchanged in the prior month. Year-on-year, headline producer inflation is forecast to accelerate to 2.5% from June’s nine-month low of 2.3%, while core producer inflation is expected to pick up to 2.9% from an eleven-month low of 2.6%. Investors will be watching for signs of tariff-related price pressures, though the data are likely to indicate such effects remain muted for now.
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