CNN’s Egan on Wholesale Inflation Easing: Second Day in a Row ‘We’re Getting Some Encouraging News on the Cost of Living’

EXCERPT:

EGAN: "Well, Jessica, this is the second day in a row we‘re getting some encouraging news on the cost of living. The one catch, and it is a big one, is that it does not fully capture the impact of the trade war, right? This is measuring prices in March, before the full impact of all of the tariff increases. Let me run you through the numbers first. So, we‘re talking about the Producer Price Index. This is wholesale inflation before it gets to all of us as consumers. And we were expecting an increase in prices month-over-month. We did not get that. We got a drop in prices. Look at this, 0.4%. That is much better than anticipated. The annual rate, we were anticipating around 3.3%. We did not get that. We got a much lower number, 2.7%. This is a deceleration. When we look at the trend, we can see that things have certainly improved from a few years ago when it comes to inflation. This metric — graph is not up right now, but this metric was around 11, 12 percent."