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(Photo by Scott Olson/Getty Images) Getty Images Key Takeaways The latest Producer Price Index (PPI) report has been released, with the wholesale measure of inflation coming in slightly above expectations The PPI is widely considered to be the Fed’s preferred measure of inflation, giving then an insight as to the cost increasing facing industry before it hits consumers It means another rate hike could be on the cards before the end of the year It’s been a rocky few months for inflation numbers. After falling drastically from their highs of 2022, the last three months has seen a steady increase in the most widely watched measure of inflation, the Consumer Price Index. For most regular people, it makes sense to watch this number as it’s an indication of what’s hitting our hip pockets the most. Is the cost of housing, gas or food going up more at the moment? Have prices fallen for any particular good or service? And while the Fed takes into account a wide range of data when they’re making their decisions on interest rates, when it comes to inflation they prefer to look at the Producer Price Index (PPI). The latest PPI numbers for September have just been released, so what exactly is the PPI report, what do the latest figures say and what does this mean for investors and interest rates? What is the Producer Price Index? The PPI stands in contrast to the CPI, as it measures the rising prices being experienced by the wholesale market. That is, by companies who are ‘producing’ the goods and services that we all use on a daily basis. Consider the example of a loaf of bread. If you were to see the price of a loaf on the grocery store shelves go from $2.50 to $2.75, that…

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Filed under: News - @ October 12, 2023 2:18 pm