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Energy price drop cools wholesale inflation, but risk of renewed pressure looms

1 min read
Source: CNN
Energy price drop cools wholesale inflation, but risk of renewed pressure looms
Photo: CNN
TL;DR

Wholesale inflation cooled in June as energy prices fell sharply (gasoline down about 12%), with the Producer Price Index dipping 0.3% for the month and 5.5% year over year; core PPI slowed to 4.6% YoY. However, relief may be temporary as Middle East tensions revive oil prices and inflation pressures, including AI-related chip costs and electronics pricing, persist. Fed official Kevin Warsh cautioned against reading one data point as mission accomplished.

Topics:businesseconomy#economy#energy-prices#inflation#oil-prices#producer-price-index#wholesale-inflation
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  1. Wholesale inflation improved as energy prices fell last month — but relief may be temporary  CNN
  2. Wholesale prices unexpectedly declined 0.3% in June on big drop in gasoline  CNBC
  3. Producer prices fall as Iran oil blockade clouds inflation outlook  Los Angeles Times
  4. Morning Bid: Melting core  Reuters
  5. US Producer Prices Rise at Slower Pace as Core Gauge Decelerates  Bloomberg.com

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