Inflation Expected to Rise with Higher Wages and Oil Prices
Frank Holmes joined CNBC Asia to discuss how rising oil prices and wages will lead to inflation increasing in early 2018.
Frank Holmes joined CNBC Asia to discuss how rising oil prices and wages will lead to inflation increasing in early 2018. He further explains why he believes upcoming tax cuts will be beneficial for the economy as a whole. With a strong global purchasing manager’s index (PMI) as well, Frank says the global economy looks robust with gold prices on the rise.
To hear the full discussion, watch the replay here!
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The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns.
The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.