In the wholesale industry that I work in, the heimishe manufacturers have been steadily lowering prices over the last few weeks. Major US corporations are still raising prices every couple of weeks.
Heimeshe manufacturers makes sense, as they were above the general market. For reg companies, prices should be stable or coming down. I confirmed that already some retailers (Ross & Burlington) are demanding price cuts for holiday orders. Shipping prices have been coming down quickly, especially to the West coast. Obviously goods don't hit US right away but I'd expect to see prices drop in next couple months.
Will this translate into inflation coming down?
for goods, not services.
https://twitter.com/TicTocTick/status/1567856697107955713
Interesting...https://www.cnbc.com/2022/09/07/apples-biggest-iphone-surprise-no-us-price-hikes.html
The base model iPhone 14 is a dud compared to the iPhone 13, the improvements are almost negligible, a mildly better camera and camera hardware/software improvements.The elimination of the mini is essentially a price bump. They also expect to sell a lot of 14 pluses which will make them an extra 100 in revenue at the same margins.
https://twitter.com/biancoresearch/status/1569714531823194112
unfortunately a bad report this month. The question is are some of these numbers two three months behind.
Can the monthly numbers be leading indicators?