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Wholesale prices are rising, and those for consumer goods were flat in February and may soon be going up more quickly than most pundits are forecasting, as economic recovery broadens.
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As I wrote last week, durable goods orders were flat in October after an encouraging increase in September, new home sales fell 0.3% in October, and consumer spending declined in October for the first time in five months.
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He is looking for a flat 2006, as a sales concentration of lower-priced goods challenges margins.
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The actionable demand for luxury goods and services, on the whole, is flat and still substantially below the levels of two to three years ago.
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If flat screens fall in price, the latter merely boosts demand for other goods thus driving up their prices.
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Looking at the different stages of production, core prices for intermediate goods slid 0.5% while the core crude measure was flat.
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Because the import number was inflated by commodity purchases, imports of consumer goods must have been stagnant, and there are some indications that domestic demand is indeed flat.
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Natives fingered the strangers' beards, patted flat the wrinkles on their garments (perhaps thinking the cloth was skin), and wondered at their trade goods.
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