Re:Inflation Appears to Be Over
by tea-coffee on Wednesday November 15, 2023 @02:55PM
(#38281537)
I believe CPI is unchanged in October. I did not take a close look at the CPI numbers, but I believe the steady index is in part due to energy falling. But rents and food are increased. Not an economist, so I'm not sure how much to read into that.
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PPI is a leading indicator for CPI, since it represents what producers are paying. A falling PPI would (probably) indicate lower CPI inflation in future releases.
Re:Inflation Appears to Be Over
by dragonwriter on Wednesday November 15, 2023 @03:04PM
(#38281680)
> PPI is a leading indicator for CPI, since it represents what producers are paying. A falling PPI would (probably) indicate lower CPI inflation in future releases.
PPI and CPI historically are loosely correlated, but show no clear lead-follow relationship. PPI seems to swing harder, but not first.
https://www.fisherinvestments.com/en-us/insights/market-comm...