This week: Consumer prices report, wholesale inflation data, consumer sentiment update
A look at some of the key business events and economic indicators upcoming this week.
Measuring inflation
Economists predict inflation continued easing last month. The
Consumer price index, annual percent change, not seasonally adjusted:
April: 3.4
May: 3.3
June: 3.0
July: 2.9
Aug.: 2.5
Sept. (est.): 2.3
Source: FactSet.
Wholesale prices update
The index measures inflation at the wholesale level, before businesses pass costs on to consumers. It can serve as a potential guide to the direction of consumer prices.
Producer price index, annual percent change, not seasonally adjusted:
April: 2.3
May: 2.5
June: 2.7
July: 2.1
Aug.: 1.7
Sept.: (est.): 1.6
Source: FactSet.
Consumer sentiment
The
Analysts expect the consumer sentiment index slipped from September. The index measures how Americans are feeling about the economy and their personal finances. The index is closely watched because consumer spending accounts for about 70% of
Consumer Sentiment Index, not seasonally adjusted, by month:
May 69.1
June 68.2
July 66.4
Aug. 67.9
Sept. 70.1
Oct. 69.0
Source: FactSet.
Sept. jobs report beats expectations
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