NewsHK
Energy markets delivered the decisive variable in June. wholesale prices unexpectedly fell 0.3% during the month, driven by a sharp drop in gasoline costs that echoed a simultaneous easing in consumer prices.
The proximate cause traced to oil markets, where a brief pause in tensions between the United States and Iran gave crude room to retreat.
Gasoline's outsized pull on the June index The monthly decline landed below expectations, and the energy component drove the gap between forecast and result.
Gasoline's fall was steep enough to shift the headline figure into negative territory. That pattern mirrors what consumer-facing price gauges recorded for the same period.
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