US wholesale prices unexpectedly declined in June, helped by a sharp drop in energy costs, according to data released Wednesday by the Bureau of Labor Statistics.
The report said goods prices fell 1.4%, marking the biggest monthly decline since July 2022, while energy prices dropped 6.4%. Gasoline prices plunged 12%, accounting for roughly two-thirds of the overall monthly decline. Services prices, however, increased 0.2%.
The latest figures follow Tuesday's report showing consumer prices also declined in June, indicating broader progress in easing inflationary pressures.
Economists said the data could reduce expectations for aggressive Federal Reserve tightening, although inflation remains above the central bank's 2% target.
Fed Chairman Kevin Warsh said the latest improvement does not signal that the inflation fight is over.
Related Tweet:
NEW: Wholesale inflation fell 0.3% in June — shattering economists' expectations once again. pic.twitter.com/fTxAvJnLMp
— Rapid Response 47 (@RapidResponse47) July 15, 2026
Also Read:
TIPP Staff
