PPI Still Waiting for Tariff-Flation.....

 The Producer Price Index (PPI) cannot put its finger on Tariff-Flation.

... Headline and core PPI printed cooler than expected (unchanged MoM), well below the expected +0.2% MoM (in fact it was lower than all estimates)...

 Headline PPI rose 2.3% YoY (down from a revised higher 2.7% in May and below the 2.5% expected) - that is the lowest YoY print since Sept 2024...

Among the prices moving higher?  Electricity.  Why?  The Green B.S. of windmills and sun-catchers, which accounted for a 10% hike in residential electric charges in Wisconsin since January '25 (e.g.).

The PPI measure is 'wholesale' to the COL 'retail'.  Thus you will find cost-of-living increasing marginally in the next 60 days.

That's a far, far, far cry from the DOOM DOOM DOOM of the MSM projections.

But you won't hear it from them.