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Wholesale prices fall in June for first time in 10 months
The decline was driven largely by lower gas prices, but analysts said renewed U.S.-Iran hostilities could cloud whether inflation is actually cooling.
Wholesale prices fell in June for the first time in 10 months, a result MarketWatch linked mainly to lower gasoline prices.
Even so, the report said inflation remains too high, and it is unclear whether the recent slowdown will last given renewed U.S.-Iran hostilities.
The potential for renewed conflict to affect energy prices adds uncertainty for the durability of the June drop in wholesale inflation.
Latest closeGasoline (RBOB) $3.042 ▼3.9%
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