‘Big turnaround’ for US wholesale prices
The Switzer Report Founder Peter Switzer discusses the latest inflation data in the US.
Mr Switzer said the CPI figures came in “a little bit higher than expected”.
“0.2 was expected – 0.3 came through,” he told Sky News Australia.
“But the PPI – the wholesale price index – it came in up 0.3 but it was down 0.2 per cent in December.
‘Big turnaround’ for US wholesale prices
“So that’s a big turnaround.”