June Wholesale Prices Dip as Energy Slump Eases Inflation Pressure
TL;DR Summary
June's producer price index fell 0.3% on energy-driven weakness, led by a roughly 12% plunge in gasoline, while the core PPI rose 0.2%; the drop follows a 0.4% CPI decline and signals easing inflation ahead of possible Fed rate moves, with annual PPI around 5.5% and energy softness contributing to the cooler price backdrop.
- Wholesale prices unexpectedly declined 0.3% in June on big drop in gasoline CNBC
- Inflation Slowed to 3.5% in June, as Americans Got a Break From Gasoline Prices WSJ
- Stock market today: Dow, S&P 500, Nasdaq slip as semiconductor stocks plummet Yahoo Finance
- US PPI: Producer Prices Rise at Slower Pace as Core Gauge Decelerates Bloomberg.com
- White House Cheers Inflation Data While Iran War Sparks New Price Surge The New York Times
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