Commentary
The good news is that price hikes have pulled back a bit even if real-time aggregates are still running up 10 percent year-over-year. That’s better than it was two months ago, with food, transportation, and household durables rising at slightly slower rates. Utilities and education are up, however, so the bad news is that this sector-by-sector shift likely indicates no good trend overall but rather the aches and pains of recessionary adjustments.
