Unexpectedly, the U.S. June PPI fell short of expectations, with price reductions in the service industry becoming critical.

The unexpected June PPI data in the United States was due to a decrease in service industry prices - indicating that businesses are at least absorbing some of the costs of increased import tariffs. The report released by the US Bureau of Labor Statistics on Wednesday showed that the Producer Price Index remained flat compared to the previous month, and the core Producer Price Index also remained flat, both below market expectations.