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NFIB Price Plans Rise Again To Highest In A Year

US DATA
  • The NFIB small business barometer was near unchanged in November at 90.6 (cons 90.7) after 90.7 in Oct.
  • Press release summary: “Job openings on Main Street remain elevated as the economy saw a strong third quarter. However, even with the growing economy, small business owners have not seen a strong wave of workers to fill their open positions. Inflation also continues to be an issue among small businesses.”
  • The net share expecting to increase prices over the next three months increased further to 34 (+1pt), up from 21 in April and its highest since Nov’22. It’s a level that historically at least would suggest difficulty in settling back at the 2% inflation target (noting the chart below shows median CPI rather than PCE).

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