Producer Prices Are Still Moving Up At An Alarming Rate

Producer Prices Are Still Moving Up At An Alarming Rate

According to Axios:

Producer prices increased by more than expected in August, a reminder that inflation pressures continue to linger in the economy.

Why it matters: Producer prices reflect what businesses pay for the materials that go into the goods they eventually sell to their customers. While businesses will make an effort to absorb some of those higher costs, they’ll pass some of the costs on through consumer price hikes.

Leave a Reply

Your email address will not be published. Required fields are marked *