U.S. wholesale prices for June point to further easing of inflation pressures

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WHOLESALE PRICES in the United States decelerated again last month, the latest sign that inflationary pressures are easing in the face of the Federal Reserve’s streak of interest rate hikes. The government’s producer price index — which measures inflation before it reaches consumers — rose just 0.1% last month from June 2022, the smallest such increase since August 2020. / ASSOCIATED PRESS FILE PHOTO
WASHINGTON (AP) – Wholesale prices in the United States decelerated again last month, the latest sign that inflationary pressures are easing in the face of the Federal Reserve's streak of interest rate hikes. The government's producer price index — which measures inflation before it reaches consumers — rose just 0.1% last month from June 2022,…

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