[CNBC] Wholesale costs rose 0.2% in October, lower than anticipated, as inflation eases : shares

Simply so everybody is obvious, 0.2% MoM annualized to 12 months is 2.4% YoY.

In reality, the final 4 MoM numbers for PPI have been -0.4, 0.0, 0.2, 0.2. Which implies for the final 4 months, PPI has been on tempo for ZERO inflation.

What you are seeing is not inflation “slowing”, it is arguably gone already. It is going to simply take a number of months for the outcomes to work themselves into YoY numbers. Do not be the final one to understand this.