December 05, 1997

The U.S. continues to make steady gains on the inflation front and this will translate into lower interest rates next year. The consumer price index has declined steadily and is approaching a 2% annual rate. The producer price index is even better behaved, with wholesale inflation coming in below the CPI - as is expected under a price rule. The PPI is actually below its central bank target rate having dipped below zero in recent months (Figure 1). The GDP deflator is also reflects low inflation.

You must have an active account to view these reports. You may register for a trial here

Download Complete Report in PDF Format

Download Complete Report in Word Format