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

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

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