Lynne Kiesling
Not being a macroeconomist I have little insight to contribute, but I do find October’s 2.8% decline in the producer price index quite remarkable. Not only is this the largest decline on record, it is also larger than had been forecast for October.
And, as the Bloomberg article linked above notes, the UK also experienced the largest decline in their inflation rate in 11 years.
This is certainly an economy that is hunkering down.