After releasing this week the report from the Bureau of Labor Statistics (BLS) on the Consumer Price Index (CPI), which decreased 0.4% in June, placing the year-on-year inflation rate at 3.5%, this Wednesday the Department of Labor indicated that Producer Prices (PPI) also unexpectedly fell 0.3% last month, the largest decrease since April 2025.

Although inflation has eased in recent weeks after reaching 4.2% in May due to rising energy prices caused by the war between the United States and Iran, recent hostilities between the two countries continue to cast a shadow over the prospects for stability.

However, although the PPI reached an increase of 5.5% in the last 12 months until June, it remains below the 6.0% registered in May, and this is due to the fact that many of the wholesale prices decreased last month.

In the case of gasoline prices, one of the costs that weighed most on consumers' pockets fell 12% in June, and although it is still above June 2025 levels, it represents a relief for the budgets of American households.

Regarding wholesale food prices, they registered a decrease of 0.6%. The Department of Labor report details that the price of fruits fell 2.2%, vegetables 0.6% and cereals 12.0%, while the costs of wholesale services increased 0.2% in June, with a 0.4% increase in commercial services.

For David Russell, global director of market strategy at the online brokerage TradeStation, in the data presented this Wednesday “energy was key in June, but that could be forgotten if the Strait of Hormuz does not open soon,” he told AP.