US producer prices fall 0.3% in June

Wholesale inflation in the United States eased in June as energy prices declined, though escalating hostilities with Iran are casting a shadow over the outlook.

The US Department of Labor said on Wednesday that the producer price index — which measures inflation before it reaches consumers — fell 0.3% in June compared with May. Compared with a year earlier, wholesale prices rose 5.5% last month, down from the 6% recorded the previous month.

Petrol prices fell 12% last month, but remain approximately 43% higher compared with June 2025.

Core wholesale prices, which exclude volatile food and energy costs, rose 4.7% compared with June 2025, and 0.2% compared with May.