US Wholesale Prices for June Point to Further Easing of Inflation Pressures

Employees work on the construction line for overhead bins at the Boeing Interiors Responsibility Center in North Charleston, S.C., on May 31, 2023. Gavin McIntyre/Pool/The Post And Courier via AP

WASHINGTON—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 percent last month from June 2022, the smallest such increase since August 2020. And from May to June, prices rose an identical 0.1 percent after having fallen 0.4 percent from April to May.