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If last week was all about jobs, this week is all about prices. Considering how much people worry about inflation these days, two key reports should give us a much better idea whether it’s actually a fact on the ground.
Wednesday brings the April consumer price index (CPI), which rose a sharp 0.6% in March. Thursday’s Producer Price Index (PPI) might get an even closer look, considering it rose a massive 1% month-over-month in March. That was the largest monthly gain in more than nine years. Year-over-year producer prices rose 4.2%, the biggest in almost 10 years.
Later in the week comes retail sales. All of this after last Friday’s jobs report disappointed in terms of how much economic growth it showed, but seemed to give the market a bit of a lift by easing rate concerns.
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