-
U.S. Economy to Get a Price Check This Week With Twin Reports on Inflation
A pair of economic reports this week will show whether inflation is holding strong, receding somewhat or even perhaps increasing as 2024 progresses. First up will be the producer price index for April on Tuesday. The measure of inflation at the wholesale level – the prices businesses pay for the goods and services they then sell to consumers – is expected to show the overall PPI ticked up slightly for the month, rising by 0.3% after a 0.2% increase in March. The core PPI, excluding energy and food costs, is forecast to increase by 0.2%, same as in March. That would put annual PPI at 2.2% and 2.3%, respectively, ... (full story)