Tuesday, May 9, 2023

CPI / PPI

CPI will be reported Wednesday; PPI Thursday.
 
The following statement is in the Institute for Supply Management, April PMI Manufacturing Index: “The Prices Index moved back into ‘increasing’ territory, at a moderate level, after one month of marginally decreasing prices.” Report at...
https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/april/
 
This suggests the CPI / PPI reports this week may disappoint.