Wholesale prices were unchanged in June and showed only a mild effect from U.S. tariffs, adding to the growing view that trade wars won’t lead to a big increase in inflation.

The producer price index for total final demand was unchanged in June, the Bureau of Labor Statistics reported.

U.S. producer prices were unexpectedly unchanged in June as a tariff-driven increase in the cost of goods such as communication and related equipment

Wholesale inflation in June, as measured by the producer-price index, surprised to the downside “as lower hotel rates and airfares offset tariff effects,” according to Comerica Bank’s chief economist,

Gabe Millar, the new owner of the 18-year-old retail site Cantitoe Road, said he plans to continue selling its mainstay products from Connex and Effetto Mariposa to consumers, and hopes to revive the company’s wholesale business as well.

Factory-gate prices held steady in June, surprising economists. The producer-price index was flat last month, the Labor Department said, missing forecasts for a 0.2% rise. The index rose by a revised 0.

The stock's fall snapped a two-day winning streak.

Harry Reeves (pictured) has been promoted to head of UK wholesale at Franklin Templeton. He joined the firm in 2020 as part of the Legg Mason acquisition and was most recently head of sales, UK wholesale. He has previous experience at Neptune Investment Management, Artemis Investment Management and Ruffer.