The producer price index shows that there was ZERO Inflation in June!

The Producer Price Index (PPI) for final demand was unchanged month-over-month in June 2025, indicating zero inflation for that month in wholesale prices.

At a glance

Key Evidence

Verified July 16, 2025

The U.S. Bureau of Labor Statistics reported that the Producer Price Index for final demand was unchanged in June 2025 compared with May.bls.gov bls.gov
This means there was no monthly inflation at the wholesale level during June.
However, on a year-over-year basis, prices still rose by 2.3%, showing ongoing inflation over time.bls.gov

The reporting

What the Evidence Shows

The claim that the Producer Price Index shows zero inflation in June is based on the fact that the PPI for final demand did not change from May to June 2025. Multiple authoritative sources, including the U.S. Bureau of Labor Statistics (BLS), confirm that the PPI was flat month-over-month in June, meaning there was no increase in prices paid by businesses for goods and services at the wholesale level during that month.bls.gov bls.gov

This supports the core factual assertion of zero inflation for June as measured by the PPI. However, it is important to note that while the monthly change was zero, the year-over-year PPI still showed an increase of about 2. 3%, indicating inflation over a longer period.bls.gov breitbart.com

Additionally, some components of the index, such as unprocessed goods for intermediate demand, actually fell in price over the year.bls.gov The claim does not specify whether it refers to month-over-month or year-over-year inflation, which can cause confusion. The claim is accurate if interpreted as referring to the monthly change in June 2025 but would be misleading if taken to imply no inflation at all over any longer timeframe.

Overall, the evidence supports that wholesale prices were flat in June, which is a valid interpretation of zero inflation for that month according to the PPI.

Primary trail