Based on a number of encouraging signals, the U.S. economy may finally be getting a respite from inflation.
Last week’s consumer price index showed that October prices had increased 7.7% from a year earlier, lower than analysts’ expectations and the slowest annual increase this year. And on Tuesday, the October producer price index—an inflation metric from the perspective of sellers that tracks how much producers pay for goods—came in at 8% higher than a year before, well below forecasts and the smallest increase since July.
