Prices paid by businesses last month fell, largely because the pressures from soaring gasoline prices eased. The producer price index for total final demand declined 0.3% in June, bringing annual growth to 5.5%, the Bureau of Labor Statistics reported on Wednesday morning. That’s the first monthly decline in the index since wholesale inflation unexpectedly dipped 0.2% in August 2025. The latest results were in line with economists’ expectations for a 0.3% decline in June. The report also marked a reversal from the strong PPI gains seen in recent months. In May, wholesale inflation rose a revised 0.6% from the prior ... (full story)