Wholesale price inflation slows last month as gas, food costs fall
WASHINGTON (AP) — Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead. The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 4. 7% in July from a year ago, down from a much larger 5. 5% increase in June. On a monthly basis, wholesale prices were unchanged from June to July, after they ticked down 0...
Read MoreThu, 13 Aug 2026
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