Decline in wholesale gas prices may slow over summer months 

Further big falls in household and business utility bills look unlikely through the summer months, futures markets suggest  

The prospects for a rapid de-acceleration in inflation has become more uncertain as European wholesale gas prices have remained stubbornly high in recent weeks, suggesting further big falls in household and business utility bills look unlikely through the summer months.  

Prices of wholesale gas for delivery through August were trading late Thursday at over €43 per megawatt hour, down sharply from  their peak of €300 last summer, but little changed from levels earlier this month, according to futures markets.