TPLC - Global PMI Signals Lowest Inflation Rate Since October 2020

2024-02-06 02:05:00 ET

Summary

• Average prices charged for goods and services rose globally at the slowest rate since October 2020, according to the January worldwide PMI surveys.
• Service sector price increases slowed, though some stickiness was observed for goods prices, the latter linked in part to higher shipping costs amid supply chain delays.
• The surveys also indicated some regional variations, with a marked cooling of inflation in the US contrasting with stubbornly elevated inflation in the UK and eurozone.

Average prices charged for goods and services rose globally at the slowest rate since October 2020, according to the January worldwide PMI surveys, signaling a cooling of worldwide inflation....

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