It’s the lowest annual level for the key inflation gauge since January 2021. On a monthly basis, producer prices slumped by 0.5%, driven by falling goods prices, specifically lower energy prices. Prices for fresh and dry vegetables also fell, while the price indexes for categories such as light motor trucks, chicken eggs and meats moved higher.
PPI is one of several closely watched inflation gauges. Because the producer-centric index captures price shifts upstream of the consumer, it’s sometimes looked to as a potential leading indicator of how prices may eventually land at the store level. Since notching a 11.2% gain in June 2022, the PPI has seen a stark cooldown in the months since, as supply chains have got back into sync since being discombobulated by the pandemic and the sharp economic recovery that followed.
Thank you jesus
More propaganda from CNN! Our of touch with reality and repeat what the government says about inflation. Wait until all the layoffs start and the real fun begins.
😅🤡
Damage is done. At least we are getting less damage than expected. Thats a win, right?
When prices come down to what they were before joe was installed is when this is news.
More bullshit propaganda bought to you by the corrupt lying leftard media clowns at CNN. There is a Crash coming full stop! 💲💥💥💥💥
Total BS, have you been to the food store lately?
Lmaooooo Inflation is still insanely high
more democRats whistling past the grave yard good luck
Demand push inflation is caused,by workers demand,for increase in their wages and salary/salaries.
Inflation is a consistent increase in the prices of food commodities,products,utility bills,e.t.c.Inflation is grouped mostly into cost push inflation and demand push inflation.Cost push inflation is caused by an increase in the prices of commodities,other products,e t.c.
When will i see this at the stores and pumps? 🤔
not the first time the US government lied about how a war was going, they were appearly lying about the Vietnam War and we know how it turned out.
HiddenSecretsInQuran कबीर साहेब ही सच्चे और सबसे बड़े अल्लाह हैं वही अल्लाहु अकबर हैं। अधिक जानकारी (मालूमात) के लिए पढ़ें पाक पुस्तक 'मुसलमान नहीं समझे ज्ञान कुरआन Allah Kabir
Bull
Prices are still going up, just not as high as forecasted. How is this good? This is the continued destruction of the economy by Democrats. They destroy the economy only for a Republican to come in and fix it.
No SS COLA for next year?
Yeah not seeing it at retail level and my pockets
I still pay a lot more at the grocery stores
Could be also the unafordability of the high inflation has slowed consumer spending.
But President Biden says it’s the strongest economy ever so we don’t need to think
HiddenSecretsInQuran अल्लाह मुहर्रम के दिन खुद को कष्ट देने से खुश नहीं होता? अल्लाह को खुश करने के लिए किसी बाख़बर की खोज करनी चाहिए। 🌈अधिक जानकारी (मालूमात) के लिए पढ़ें पाक पुस्तक 'मुसलमान नहीं समझे ज्ञान कुरआन'..! Allah Kabir
it's about normalizing current pricing at this time if you are paying attention to the housing market IMO ...
Really
Still almost FOUR TIMES higher than the 1.4% that Biden INHERITED.
It’s to bad people don’t realize that the Fed controls inflation by controlling the supply of money into the system. The more they supply, the higher inflation goes. Watch Zeitgeist: Addendum
That’s BS! Prices are still the same! She said grocery’s went down .03 %! Are you kidding me What a joke!
When does get its “Pfizer-Affiliated Media” label, elonmusk? Just do it for a day. The freakout would be glorious.