Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report

World economy forecasted to slow to Great Recession pace

Feb 27, 2020

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Make Me Smart with Kai and Molly
Download
HTML Embed
HTML EMBED
Click to Copy

Inflation watch: Lower prices on the way?

Nancy Marshall-Genzer Jan 17, 2007
Share Now on:

Inflation watch: Lower prices on the way?

Nancy Marshall-Genzer Jan 17, 2007

TEXT OF STORY

BOB MOON: Also out this morning, the Labor Department’s latest reading on inflation. It reports wholesale prices are still marching upward although, as Nancy Marshall Genzer reports, not as fast as in November.


NANCY MARSHALL-GENZER: The federal government says wholesale prices, measured by its Producer Price Index, were up nine-tenths of a percent in December.

That’s less than half the price surge in November when we were paying more than $3 a gallon for gas.

Yep, the Producer Price Index measures energy prices. It also includes what manufacturers spend on labor and raw materials.

Bank of America chief economist Mickey Levy says businesses will pass their savings on to consumers through lower prices.

MICKEY LEVY: Consumers should be very happy. In the next couple months we’ll see declines in the Consumer Price Index, which increases real purchasing power.

The all-powerful consumer has been the engine pushing the economy along, but Levy points out the Federal Reserve has now made 17 consecutive interest rate increases and that should help keep inflation in check.

He’s expecting a soft landing for the economy rather than a slide into recession.

In Washington, I’m Nancy Marshall Genzer for Marketplace.

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.