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US producer price is expected to ease.

 

US producer price rises are expected to ease in November, providing fresh evidence that the Federal Reserve’s drive to bring down inflation is working.

According to a survey of Bloomberg economists, the Bureau of Labor Statistics on Friday is forecast to report producer prices rose 7.1 per cent in November from the previous year, which would mark its slowest increase since May 2021. Excluding the volatile food and energy sectors, producer prices are expected to have risen by 5.8 per cent, a step down from 6.7 per cent in October, and the slowest pace since June 2021.

The consumer price index is more closely watched, but investors and economists look at all data for any signs of changes in inflation.

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  1. Albert5 December 2022 at 16:25

    Prices for food and especially energy have gotten out of hand lately so this is good news, I guess. Waiting to see what happens with other prices for key items

    ReplyDelete
  2. Cory5 December 2022 at 16:37

    7-8 months back prices were ok on most items. Now there are products that are 2, 3 or 5 times the cost they were then. I have never seen anything like it. People are buying less, eating less, consuming less.

    ReplyDelete
    Replies
    1. Ben5 December 2022 at 19:11

      Goes to show just what wars can do. The invasion of Russia in Ukraine (plus a few other factors) have influenced prices all over the world.

      Delete

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