US producer prices post largest drop in 14 months; inflation risks still tilted to the upside ReutersWholesale prices unexpectedly declined 0.3% in June on big drop in gasoline CNBCProducer prices fall as Iran oil blockade clouds inflation outlook Los Angeles TimesStocks rise after soft US inflation reading with Middle East in focus Reuters
Wholesale prices fell in June for the first time in 10 months largely due to lower gas prices, but it's unclear if the recent slowdown in inflation will persist in light of renewed hostilities between the U.S. and Iran.
