Supply Chain Monitor: Producer Price Index Dec 2024
The current stabilization, with growth rates returning to low positive figures, suggests continued normalization rather than the beginning of a new inflationary cycle.
The current stabilization, with growth rates returning to low positive figures, suggests continued normalization rather than the beginning of a new inflationary cycle.
Today’s data update takes a closer look at the manufacturing data within the most recent Employment Situation release.
The November data continues to show broad-based normalization and slowing, with a few sectors in particular trouble.
The November 2024 Producer Price Index data continue to show normalizing input cost growth for the economy as a whole, as well as most individual sectors.
In this month’s report, we saw contraction in the overall aggregate, with a decline of 0.3% month-over-month for a year-over-year decline of 0.3%.