Good news! It looks like wholesale inflation may be running out of air. “But wait,” you say to a completely invisible article-writer, “what does that mean?” Glad you asked!!!
Here’s Five Fast Facts About the Wholesale Inflation Drop and How it Impacts You:
- 📉 What Is It? - Wholesale Inflation basically measures the price wholesalers pay for stuff BEFORE it hits the store shelves. This includes everything from vegetables to TVs to clothing. In other words, Wholesale Inflation is the cost of, for example, what Levi’s would charge Macy’s for jeans.
- ⬇️ There’s a Drop? - Yes, prices propped 2.7% in March. That’s the lowest level for Wholesale Inflation since January 2021! This is a good sign!
- ⤵️ PPI-OU - The Producer Price Index (PPI), which lists the prices charged by manufacturers, farmers and wholesalers, has also dropped. So stuff is getting cheaper. Including those vegetables, TVs and clothing.
- 💰 Cheaper? - Some experts see this as a sign prices will be dropping across the board and inflation is at an end. Ask anyone buying eggs right now and I’m sure they’ll disagree.
- ⛽ Gassy - Also dropping? Wholesale gas costs. That’s right, they’re suggesting you may be seeing even lower prices at the pump in the near future. How much, though, is still up in the air.
🔥Bottom line: It may have taken longer than we’d hoped, but it looks like we might be crawling out of the wreckage that 2020 did to this country. Well, most of the damage anyway. We won’t talk about that thing I did with the rubber gloves and Glade Plug-Ins.
Have you noticed any price drops yet?
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