Inflation Indexes Show Improvement


The consumer price index was unchanged in October, as the annual rate of consumer price growth slowed to 3.2%. On a year-over-year basis, producer prices rose just 1.3% from October 2022. This chart shows the last 60 years of changes in the personal consumption expenditures price index, the Fed’s preferred inflation gauge. OMA Connections Partner RSM forecasts the consumer price index will drop further by year’s end, but also predicts it “will be some time” before the Fed cuts interest rates. 11/15/2023