Wholesale Inflation Numbers Remain Flat in June,

If you pay any consideration to the “mainstream media,” they’ve spent months crowing, “the inflation is coming! The inflation is coming!” This, they are saying, is all because of Donald Trump’s unprecedented tariff insurance policies—, those where he’s attempting to even a taking part in subject that has been out of whack for a long time.

The only downside for the “sky is falling” crowd? Inflation is staying under control, and retains coming in “below expectations.” When was the final time the “expectations” turned out to be proper?

As RedState’s Joe Cunningham reported Tuesday, the Consumer Price Index “delivered mixed but ultimately encouraging news for American families, with core inflation undershooting expectations for the fifth straight month…”

On Wednesday, the Bureau of Labor Statistics launched seasonally adjusted numbers from the producer price index, and even CNBC had to admit that the information was optimistic:

The producer price index, a measure of wholesale prices, confirmed no change in June, against the forecast for a 0.2% increase. The identical was true for the core PPI.

Though the numbers for headline and core wholesale inflation had been subdued, last demand items costs rose 0.3%, but had been offset by a 0.1% fall in providers.

Combined with Tuesday’s shopper price index release, the information suggests that President Donald Trump’s tariffs are indicating only a marginal chunk on the U.S. financial system.

Drink that in, naysayers: “Donald Trump’s tariffs are indicating only a marginal bite on the U.S. economy.”

JUST IN — Wholesale costs had been flat in June, coming in below economists’ expectations: “That is all very good news. These numbers are less than expectations. They’re sequentially less.” pic.twitter.com/mVTC6S91y9

— Rapid Response 47 (@RapidResponse47) July 16, 2025

READ MORE: Latest Inflation Report Offers Hopes for Rate Cut, Beats Month-Over-Month Expectation

‘When You Made a Mistake…’: Billionaire Home Depot Founder Does 180 on Trump’s Tariffs, Presidency

HEADLINE US PPI (Price Producers Index) COMES IN COOLER THAN EXPECTED

June PPI (MoM)
0.0% vs 0.2% est

June PPI (YoY)
2.3% vs 2.5% est

Here come the “POWELL NEEDSE TO CUT” Trump reality social posts… pic.twitter.com/rT2tmBjT0M

— Samsolid (@samsolid57) July 16, 2025

The twin stories will nearly actually only increase President Trump’s dissatisfaction with Federal Reserve chief Jerome Powell, who has steadfastly refused to decrease rates of interest despite the nice inflation numbers and Trump’s threats to fire him if he doesn’t take motion.

7/ Tariffs shall be extremely inflationary.

Fed Chair already defined this in his press convention.

He mentioned tariffs are doubtless to generate a rise in inflation, a slowdown in financial growth and an increase in unemployment. pic.twitter.com/7SrfihlxEB

— Oguz O. | 𝕏 Capitalist 💸 (@thexcapitalist) May 22, 2025

The Producer Price Index is a difficult beast:

PPI for last demand measures the costs paid to American companies for items and providers. It contains gross sales to customers, households, companies, and international purchasers, a broader array of prospects than is measured by the buyer price index. Although it’s generally referred to as a “wholesale” price index, it’s not an index of wholesale costs.

Goods costs rose by 0.3 p.c in June but these will increase had been offset by a 0.1 percetn [sic] decline in the a lot bigger providers sector.

Maybe someday we’ll see a headline that says, “The numbers just came in, and they’re just as economists expected.” In the meantime:

Editor’s Note: Thanks to President Trump’s management and daring insurance policies, America’s financial system is back on monitor.

Help us proceed to report on the president’s financial successes and fight the lies of the Democrats. Join RedState VIP and use promo code FIGHT to get 60% off your membership.