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18.10 - 19:37
Supplier-Price Report to Offer Clues on September Inflation Trend
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A September report on prices charged by U.S. suppliers, set to be released on Wednesday, could provide new evidence of whether the Federal Reserve’s efforts to slow inflation are succeeding.
The producer-price index, which measures the prices that suppliers are charging businesses and other customers, can reflect price trends that eventually affect consumer-level inflation, since businesses eventually pass on their costs, or savings, to consumers. An easing of producer-price increases could point to changes in consumer inflation, which is running close to a four-decade high.
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