
Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
January 19, 2023: Costs for wholesale goods and services decreased sharply in December, which provides another sign that inflation, while still increasing, is beginning to ease.
On Wednesday, the producer price index, measuring final demand cost across hundreds of categories, rejected 0.5% for the month, the Labor Department reported. Economists surveyed by Dow Jones had been looking for a 0.1% refusal.
Food and energy have been excluded; the core PPI measure increased by 0.1%, which matches the estimate.
A sharp decline in energy prices allowed bring the headline inflation reading down for the month. The PPI’s final demand energy index plunged 7.9% on the month. Within that category, wholesale gasoline prices dropped 13.4%.
The final demand food index also fell, declining 1.2%.
Inflation readings ahead could be less specific, though, as the cost for a gallon of gas is up about 21 cents from this time in the previous month, and crude oil costs are up about 1.6% so far in January.
Still, the prevailing trend in inflation has been negligibly lower. The consumer price index plunged by 0.1% in December but was still up 6.5% from a year ago to 5.7%, except for food and energy. CPI gauges consumers’ costs in the marketplace, while PPI measures what businesses pay for goods and services.
The declining prices were reflected in another economic report released Wednesday.
In December, Retail sales dropped 1.1%, negligibly over the 1% forecast. Those numbers are not modified for inflation, so the latest reading reflects receding inflation and tepid consumer demand during the holiday shopping season.
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The Fort McMurray First Nation Group of Companies is the wholly owned business entity of Fort McMurray 468 First Nation. It was established in 1987 as Christina River Enterprises, and the organization rebranded as FMFN Group in 2021. Providing Construction, Custodial, Petro-Canada Fuel & Convenience Store, and Transportation services to a broad portfolio of customers, the Group of Companies is creating financial stability and prosperity for the Nation.
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