QQQ - Global PMI Signals Persistent Elevated Selling Price Inflation In May
2024-06-06 06:40:00 ET
Summary
- Average prices charged for goods and services rose worldwide at a slightly increased rate in May, reflecting persistently elevated services price increases combined with accelerating price growth in manufacturing.
- Worldwide PMI survey data compiled by S&P Global for J.P. Morgan showed average prices charged for goods and services having risen globally at a marginally increased rate in May.
- With the PMI data tending to lead to changes in the annual rate of global consumer price inflation by around six months, the suggestion from the PMI is that global inflation looks likely to remain at an elevated level by historical standards as we head into the second half of 2024.
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Global PMI Signals Persistent Elevated Selling Price Inflation In May