Consumer Goods & Materials: Consumer Price Index (CPI) (MoM)(Apr) rose 0.2%, less than the 0.3% forecast. Year-over-year it rose 2.3%, less than forecast and the lowest reading since February 2021. Producer Price Index (PPI)(MoM)(Apr) fell 0.5%, well below the expected 0.2% increase.
Be sure to check out more of last week’s leading indicators here. Stay tuned for Market Thoughts.
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