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The Economic Times

Global Business / The Economic Times

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US wholesale inflation slows as gas prices, food costs fall in July

Wholesale inflation saw a notable decrease last month, easing price pressures. Gas prices reversed some earlier increases, contributing to this cooling trend. Core wholesale inflation also dropped, indicating broader price moderation across sectors. This development provides the Federal Reserve more flexibility regarding interest rate decisions. Consumer prices continue to outpace wages, presenting ongoing affordability challenges for many Americans.

13 Aug 2026 6:53 pm