this post was submitted on 27 Nov 2024
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For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the same time. (xcancel.com)
submitted 16 hours ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml
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[–] Sodium_nitride@lemmygrad.ml 3 points 4 hours ago

Wage growth has been another key leading indicator here.

Wage growth has begun to rebound in many parts of the economy.

These increased labor costs are passed on to consumers which fuels inflation.

Ah investor brain