Latest Producer Price Index Data Does Not Bode Well for Future Prices
Latest Producer Price Index Data Does Not Bode Well for Future Prices
U.S. Producer Price Index (PPI) data for October 2024 does not bode well for future prices in the service sector, especially those related to the U.S. restaurant economy. The PPI measures the average change in producer prices for goods and services produced over a given month. In essence, it measures inflation at the wholesale level....