US PPI for final demand goods fell 1.4%, driven by a 12% drop in gasoline prices. Crude oil reaching a new all-time high by September 30 at 6.1% YES.

US inflation for June is expected to slow due to falling gasoline prices. Inflation at 3.8% or less priced at 49.8% YES.

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

Inflation fell seven-tenths of a percentage point in June to 3.5%, a huge drop and the first such decline in five months.