Inflation in consumer prices has plummeted from a four-decade high 9.1% in June 2022. Yet despite having reached relatively low levels, it has so far remained persistently above the Fed’s 2% target.

US Wholesale Inflation Fell Last Month but Trade War Threatens to Reverse That Trend WASHINGTON (AP) — U.S. wholesale prices fell last month in another sign that inflationary pressures are easing.

Excluding volatile food and energy prices, so-called core wholesale inflation fell 0.1% from February, the first drop since July. Compared with a year earlier, core producer prices rose 3.3% and ...

The slowdown in inflation could be a temporary respite until the widespread duties imposed by Trump begin to push up prices in many categories. Economists forecast that inflation could reverse its recent decline and reach 3% or higher by the end of this year.

WASHINGTON — US wholesale inflation fell last month in another sign of easing price pressures, but Trump's trade war clouds outlook.