Inflation at the wholesale level cooled significantly last month, helped by a sharp drop in energy prices, according to data released Wednesday by the Bureau of Labor Statistics.

The consumer price index in June was expected to increase 3.8% from a year ago.

US CPI fell 0.4% in June 2026, the first monthly decline in six years, as gasoline prices dropped 9.7%. Core inflation eased to 2.6% year-over-year.

U.S. wholesale inflation fell from May to June on plunging energy prices but intensifying hostilities with Iran are clouding the outlook.

As with consumer prices, the index benefited from easing energy costs, particularly as oil fell due to the brief pause in tensions between the U.S. and Iran.

Inflation at the wholesale level cooled significantly last month, helped by a sharp drop in energy prices, according to data released Wednesday by the Bureau of Labor Statistics.

US wholesale prices fell 0.3% in June as gasoline costs dropped 12%. Here's what the PPI decline means for inflation, Fed rate policy, and crypto markets.

US producer prices unexpectedly fell in June, showing inflation was retreating. Wholesale goods prices declined significantly, driven by lower energy product costs. Consumer…

Wholesale prices declined in June by 0.3% and two-thirds of the drop was tied to a 12% fall in gas prices, the Bureau of Labor Statistics reports.

US wholesale inflation eased in June 2026 due to falling energy costs, government data shows. Discover how this impacts US inflation and future economic ou

U.S. wholesale inflation fell from May to June on plunging energy prices, but intensifying hostilities with Iran are clouding the outlook.

TradeStation's David Russell said "energy saved the day in June, but that might become ancient history if the Strait of Hormuz doesn’t open soon.''