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NewsWPLG Local 10 – Main FeedAugust 13, 2026Miami-Dade

Wholesale price inflation slows in July as gas and food costs decline

Wholesale inflation rose 4.7% in July compared to a year ago, a decrease from the 5.5% increase recorded in June. The producer price index remained unchanged on a monthly basis, signaling a potential cooling of inflationary pressures for businesses.

inflationeconomyfederal reservewholesale pricesconsumer prices
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Why It Matters

The slowing of wholesale inflation provides an early indicator that consumer costs may stabilize, which influences Federal Reserve decisions on interest rate hikes that affect borrowing costs for mortgages, credit cards, and business loans.

Key Facts

  • The producer price index rose 4.7% in July compared to a year ago, down from 5.5% in June.
  • Wholesale prices were unchanged from June to July on a monthly basis.
  • Core wholesale inflation, excluding food and energy, dropped to 4.2% in July from 4.7% in June.
  • Core monthly prices rose 0.2% in July, down from 0.4% in June.
  • Consumer prices have risen faster than wages for four consecutive months.
  • The Federal Reserve is debating whether to raise interest rates at their September meeting.
  • The Fed's preferred inflation gauge, the PCE index, is scheduled for release on Aug. 26.
  • Gas prices fell in early July but rose later in the month and in early August.
  • The Federal Reserve maintains an inflation target of 2%.

Who's Mentioned

personBen Ayers“Senior economist at Nationwide who commented on the data.”organizationFederal Reserve“Evaluating inflation data to determine future interest rate policy.”organizationLabor Department“Released the producer price index report.”organizationNationwide“Employer of economist Ben Ayers.”