In economic news, another major marker of inflation is down, and offering more hope in an uncertain economy.

U.S. wholesale prices for June point to further easing of inflation pressures.

The Producer Price Index (PPI) from the U.S. Labor Department reflects prices charged by manufacturers, farmers, and wholesalers.

The PPI rose just .01 percent last month from June of last year, the smallest increase since August 2020.

Appearing on Thursday’s edition of CBN News’ Faith Nation, Mark Hamrick, Washington bureau chief and senior economic analyst for Bankrate said the latest report clearly shows progress, but warned the war is not yet won.

ABOVE: Watch Hamrick’s interview.