KTEC - Global PMI Selling Price Inflation Remains Elevated In April Led By Higher Service Sector Charges
2024-05-09 08:45:00 ET
Summary
- Worldwide PMI survey data compiled by S&P Global showed average prices charged for goods and services have risen globally at the slowest rate for three months in April.
- With the PMI data tending to lead changes in the annual rate of global consumer price inflation by around six months, it provides a valuable steer on the likely near-term path of inflation.
- The main area of stubborn global price pressure remains the service sector where, despite the rate of inflation cooling globally in April, price growth remained well above the pre-pandemic average.
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Global PMI Selling Price Inflation Remains Elevated In April, Led By Higher Service Sector Charges