WorldPosted at: Jul 17 2025 7:46AM


Latest US inflation report shows pullback in travel spending, increase in cost of goods

New York, July 17 (UNI) The muted US wholesale inflation in June has presented a better-than-expected outcome amidst President Donald Trump’s hefty tariffs on global trading partners.
However, a steep drop-off in travel and other services masked an increase in the cost of goods.
The Producer Price Index, which measures the average change in prices paid to producers, was unchanged from May, and the annual rate of wholesale-level inflation slowed 2.3 percent, staying lower in part because of base effects (as the year-ago period experienced higher inflation), reports CNN.
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