BUSINESSFORTUNE
Wholesale inflation falls 0.3% in June, but Iran war clouds outlook
U.S. wholesale inflation fell 0.3% in June due to plunging energy prices, but rising tensions with Iran are creating uncertainty. Year-over-year wholesale prices increased 5.5%, down from 6% in May, while core wholesale prices rose 4.7% compared to June 2025. Producer prices dropped alongside consumer prices, easing pressure on the Federal Reserve to raise interest rates, though inflation remains above its 2% target.
Mentioned
United StatesplaceIranplaceLabor DepartmentorganizationProducer Price IndextopicFederal ReserveorganizationKevin WarshpersonDonald TrumppersonStrait of HormuzplaceTradeStationorganizationDavid RussellpersonInflationtopicenergy pricestopicconsumer pricestopicPersonal Consumption Expenditures (PCE)topic
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Adjacent reporting
- US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy
- Wholesale prices show first drop in almost a year on lower gas prices, but inflation still too high
- US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy
- Inflation cools to 3.5% in June in relief brought by brief US-Iran deal
- Wholesale inflation fell in June for the first time since last summer. Gas prices drove it