Economy

Prices may cool off in November and December, Baltic Dry Index suggests

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Shipping containers in the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, Oct. 13, 2021.

Kyle Grillot | Bloomberg | Getty Images

The rate of consumer price increases jumped to a three-decade high in October as supply chain disruptions and holiday-shopping demand fueled inflation across a range of industries.

But as hot as October’s report was, some fixed income traders and economists say that inflation in November and December could be cooler, and that last month’s surge could be a peak.

That expectation is based on a recent slide in the Baltic Dry Index, or BDI, a popular measure of global shipping rates used by economists as a leading indicator for inflation.

“The…



Source cnbc.com

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