The Global Price Pressures Index fell to 0.5 in June, down from 0.6 in May, marking a 16-month low and signaling further easing in global manufacturing input costs.

• Only 6 of 26 tracked commodities posted above-trend price increases, led by Electrical Items and Semiconductors, while chemicals like Polyethylene and Stainless Steel saw declines.
• The Global Supply Shortages Index held steady at 0.6, remaining below the long-run average for the 22nd consecutive month.
• Transport, Textiles, and Stainless Steel were the only commodities with above-average shortage mentions, with transport shortages at their highest since October 2024.
• Input price pressures remained muted outside the US, though future trends may shift with the expiration of the US tariff pause and rising metal tariffs.