4709 outlook

Economic Outlook October 15, 2021

Oct 15, 2021  | Ep4709

Retail sales rose 0.7 percent as consumers spent a little more on clothing, back to school purchases and hobbies.

The increases were being made in the face of higher prices as the consumer price index bumped up 0.4 percent.

Without food and energy, core CPI only moved 0.2 higher.

Those making the products we buy have seen prices rise as the Producer Price Index moved half a percent higher but when compared to year-over-year, the index rose 8.6 percent, the largest jump in nearly a decade.

Grinnell Mutual Insurance