Huge Gasoline Price Drop Sparks Biggest US PPI Plunge Since COVID Lockdowns
NOV 15, 2023
Bottom line: while services is the key driver of core PPI, the swing factor continues to be commodity prices, which in turn depend on how much stimulus China decides on, how much oil OPEC+ will pump and how much crude Biden will quietly dump to keep gas prices low into the election year.
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https://www.zerohedge.com/personal-finance/huge-gasoline-price-drop-sparks-biggest-us-ppi-plunge-covid-lockdowns