# Wholesale Prices Unexpectedly Fell 0.3% in June Declining energy costs softened inflation data significantly. - **Source:** [US Top News and Analysis](https://brifing.si/source/635540e9-943e-450d-ae52-ae0bfe3b67eb) - **Published:** 2026-07-15 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/ac9656d6-1ca9-4624-9cd7-ec05db58ebc7 ## Energy-Driven Shock U.S. producer price index unexpectedly declined 0.3% in June, with gasoline prices plunging 12% accounting for two-thirds of the drop. The 6.4% monthly decrease in energy marked the sharpest decline since 2022. ## Core Inflation Surprise Core PPI excluding food and energy rose 0.2%, below the 0.3% expectation. Without trade services, it increased just 0.1%. May's figure was significantly revised down from 1.1% to 0.6%. ## Consumer Side Reflection The CPI showed parallel softening with a 0.4% monthly drop, bringing annual inflation to 3.5% - the largest decline since April 2020. Core inflation eased to 2.6% as prices remained flat for the month. ## Diplomacy's Impact on Oil Temporary easing in U.S.-Iran tensions helped push oil prices lower. Overall goods prices fell 1.4%, while final demand food prices declined 0.6%. ## Fed's Inflation Battle Data shows progress toward Fed's 2% target, though Chair Warsh cautioned against declaring 'mission accomplished.' Markets still anticipate a September rate hike despite cooling inflation signals. ## Economic Direction Search Declines in producer and consumer prices will reflect in the Fed's preferred PCE index. Experts predict factory-level inflation trends will limit cost pass-through to consumers more than previously expected. ## Sources covering this story - https://www.cnbc.com/2026/07/15/wholesale-inflation-june-2026-.html — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._