Vi e w p o i n t | 15 Jul 2026 10:35:52 ET │ 9 pages US Economics PPI details benign for PCE inflation CITI'S TAKE Following a large downside surprise to June CPI yesterday, June PPI data was also softer than expected, with total PPI final demand falling 0.3%. Weakness was due both to falling energy prices as expected but also benign details of various non-energy components. Overall, a modest increase in medical services, softer portfolio management fees, and a modest increase in airfares led us to lower ou ...