Deflationary Territory (Patreon)

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.