Key Takeaways
- The latest Producer Price Index (PPI) report has been released, with the wholesale measure of inflation coming in slightly above expectations
- The PPI is widely considered to be the Fed’s preferred measure of inflation, giving then an insight as to the cost increasing facing industry before it hits consumers
- It means another rate hike could be on the cards before the end of the year
It’s been a rocky few months for inflation numbers. After falling drastically from their highs of 2022, the last three months has seen a steady increase in the most widely watched measure of inflation, the Consumer Price Index.
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