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Consumer Price Index: Difference between revisions
→3. PPI
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The PPI serves as a leading indicator for the CPI, so when producers face input inflation, the increases in their production costs are passed on to retailers and consumers. | The PPI serves as a leading indicator for the CPI, so when producers face input inflation, the increases in their production costs are passed on to retailers and consumers. | ||
* PPI has been in a significant declining trend since Q2 2022, declining more than | * PPI has been in a significant declining trend since Q2 2022, declining more than 5%. CPI has been following the same behavior in recent months and is expected to continue <ref name=":1">https://tradingeconomics.com/united-states/producer-prices-change</ref> | ||
* Producer prices for final demand in the US increased 6.2 percent from a year earlier in December 2022, following a revised 7.3 percent gain in November and compared with market expectations of a 6.8 percent advance. It was the lowest producer price inflation rate since March 2021<ref name=":1" /> | |||
=== 4. Housing Market === | === 4. Housing Market === | ||