Post-pandemic price surge appears finally behind us
- Mercado AXIOS
- Nov 30, 2023
- 1 min read
Annual wholesale price inflation has returned to pre-COVID levels, in another good sign that the post-pandemic price surge really is done and dusted.
The Producer Price Index was up just 1.3% year over year in October — considered something of a leading indicator for the prices that consumers end up paying.
•This measure, which represents the wholesale prices businesses charge to one another, saw a sharp deceleration from wholesale inflation of more than 11% seen in the middle of 2022.
It's now been under 2.5% for seven months.
Comentários