Rising inflation indicated by higher CPI and PPI data may impact consumer spending and economy

From Barchart: 2024-10-13 15:00:02

Last week, both CPI and PPI data came in higher than expected, reflecting increased inflationary pressures in the economy.

Consumer Price Index (CPI) measures the average change in prices paid by consumers for goods and services. Producer Price Index (PPI) tracks the average changes in selling prices received by domestic producers for their output.

This news suggests that inflation is on the rise, which could potentially impact consumer spending and the overall economy. Investors will be closely monitoring these indicators for future trends and their impact on market performance.



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