ZERO HEDGE writes:
After four months of re-acceleration, US producer prices tumbled in October – down 0.5% MoM, the biggest drop since April 2020. This dragged Final Demand PPI YoY down to 1.3%…
(…)
The sharp slowdown was largely reflective of a decline in gasoline prices, as excluding food and energy, the so-called core PPI was unchanged (and the smallest annual increase since the start of 2021).
Over 80% of the decrease in goods prices …
The post ZH: Huge gasoline price drop sparks biggest US PPI plunge since Covid lockdowns appeared first on The Loadstar.
