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Inflation Dips, But Geopolitics Loom | Tulsa News
Wholesale inflation took a surprising dip in June, falling 0.3% thanks to a 12% plunge in gas prices—the biggest monthly drop since April 2025. But strip out energy and food, and core inflation still crept up 0.2%. Year-over-year, prices remain 5.5% higher than June 2025. Meanwhile, Trump’s new blockade threat in the Strait of Hormuz is reigniting energy price spikes, undoing June’s relief. The Fed is watching closely, aware that geopolitical chaos could flip the script fast—especially since producer prices often foreshadow consumer costs, including healthcare, which directly feeds the Fed’s…
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