Released: 25 November 2021
U.S. Prices Surge Upwards Again in November
All US growth related Sales Managers Indexes (Business Confidence, Sales growth, Market growth and Staffing) rose in November to levels that suggest very buoyant economic activity.
The big negative remains the Prices Index which rose rapidly again in November to a reading of 59.7, reflecting many price rises in a wide variety of goods and services.
Sales managers views on price inflation have been until now remarkably divergent, with a relatively big proportion believing the current rapid rise of prices most likely to subside shortly, as post pandemic product shortages return to more normal levels. But an increasing and higher number now fear inflation is building up too rapidly for comfort and are far from complacent about the future course of prices.
A few more months of price inflation at the rates seen in November will start to bake inflation into expectations, and lead to the once familiar scramble for higher incomes.
But for the moment the economic good times continue to roll...
United States: Prices Charged Index
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