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PPI Report Favorable

November 20, 2023

 Office woman staring at a computer.

In more good news in the fight against inflation, October’s PPI report showed a decline in producer prices. The drop was the highest in three-and-a-half years, led primarily by a decline in gasoline prices.

  • In October, goods prices dropped 1.4%, with a drop in gasoline prices accounting for more than 80% of the decline.

“Cooling inflation together with slowing job and wage growth reinforced expectations that the U.S. central bank's fastest monetary policy tightening campaign since the 1980s was over.” Source:

The report fuels expectations that the Federal Reserve will put a halt on further interest rate increases.