Key Indicators Show That Price Increases Have Slowed Since October

Some top inflation indicators have shown that price increases have slowed since the month of October. While that sounds great on paper, experts are hesitant to call this a win.

Joshua Wilson, Adjunct Professor at Baylor School of Business, says that he remains unimpressed as these reports come out. He mentions that we’ll need to continue to see some real change before consumers feel any significant relief.

Joshua’s Thoughts: 

“Are we finally moving into deflation? New data from the PCE index has many people asking that question. The data showed that compared to the prior two months in which the index rose 0.5%, the index only rose 0.2% this past month. Sorry, but I remain unimpressed. If we zoom out, we see this month-over-month increase has been zigzagging up and down between being up 0.1% and up 0.6% for every month in the past few years.

In other words, it’s moving sideways. Some months it’s simply up less than in other months. That’s basically like saying some months aren’t punching consumers quite as hard, but every month is still throwing a punch. In summary, optimistically, I hope this is evidence that inflation is slowing, but slowing is not the same as declining.

I’m going to need more evidence to convince me that inflation is really declining.”

Follow us on social media for the latest updates in B2B!



disaster recovery
Edge AI is Revolutionizing Disaster Recovery with Speed and Precision
April 22, 2024

Edge AI is revolutionizing disaster recovery by bringing processing power closer to the front lines, where rapid response and real-time data are vital. At the Pacific Northwest National Laboratory, researchers are harnessing AI to predict and manage natural disasters more effectively, providing first responders with tools that could save lives during events like wildfires […]

Read More
sustainable building practices
Galvanized Steel Leads the Way in Sustainable Building Practices From Cost Savings to Environmental Benefits
April 22, 2024

As the construction industry navigates the complexities of sustainability and economic pressures, the role of galvanized steel has become increasingly pertinent in sustainable architecture. This material, celebrated for its durability and low environmental impact, is gaining attention amid global steel market fluctuations and rising demands for sustainable building practices. With significant shifts in manufacturing […]

Read More
Edge AI
The Winning Combination in Edge AI is Combining Cutting-Edge Hardware with Smart Software
April 22, 2024

As the world heads towards a technology-driven future, the integration of AI and edge computing is proving to be a game changer, particularly in the realm of IoT. These innovations are making it possible to process and analyze data where it’s collected, drastically reducing latency and enhancing real-time decision-making capabilities. The burgeoning field of […]

Read More
cloud environments
Rethink Everything: Modern Cloud Environments Demand a Fusion of New Security Architectures, Continuous Education and Educated Partnerships
April 22, 2024

As businesses increasingly transition to cloud environments, the conversation around cybersecurity has become more crucial. The shift from on-premise to cloud-based infrastructures offers notable benefits like scalability and cost savings, yet it introduces unique challenges and complexities in security management. The stakes are high, with a significant rise in cyber threats exploiting the vulnerabilities […]

Read More