Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Why Inflation May Stay Bottled Up For The New Year


Economic Trends

WHY INFLATION MAY STAY BOTTLED UP FOR THE NEW YEAR

Get set for some relief on the inflation front. Economist Donald Ratajczak of Georgia State University predicts that the producer price index for finished goods for December will post a 0.1% decline--after rising 0.5% in November and hitting a double-digit annual pace in the prior three months. Behind the decline are sharp drops in fuel oil and gasoline prices and the impact of the recession on consumer goods and industrial goods. Looking ahead, Ratajczak expects energy prices to trend down in 1991, helping to limit the rise in the PPI for finished goods to just 0.5% between December, 1990, and December, 1991, compared with a 6.2% increase in the previous 12 months.GENE KORETZ


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus