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Wells Fargo says US inflation could drop to 5% by October, given the plunge in gasoline prices

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Wells Fargo says US inflation could drop to 5% by October, given the plunge in gasoline prices

Gasoline prices have tumbled from over $5 a gallon in June to roughly $4 as of Tuesday, which has raised hopes for a sharp drop in inflation.

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Wells Fargo says US inflation could drop to 5% by October, given the plunge in gasoline prices

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Wells Fargo says US inflation could drop to 5% by October, given the plunge in gasoline prices

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