Deflationary Territory (Patreon)
Published:
2023-07-14 14:03:10
Imported:
2023-07
Content
Producer prices for finished goods have fallen into deflationary territory.
- The year-over-year change in the Producer Price Index (PPI) for finished goods slipped to -3.1% in June, the lowest level since May 2020.
- This means that prices for finished goods are actually falling, year-over-year.
- This is a significant development, as it suggests that inflation may be starting to ease.