In August, headline inflation was up 0.3 percentage points from the month before, measuring a steady 3.4% year over year.
It could be telling us that price increases have peaked.
Average hourly earnings rose 0.5% from December and 4.1% year over year, outpacing forecasts as well as inflation. Was it just a blip?
The producer price index calculates price inflation from businesses’ point of view — think labor costs or raw materials prices.
Economists predict inflation will stay at the same level as the last few months, just above the Federal Reserve’s 2% target. Does it matter?
