Globally, output price inflation edged higher in November, according to PMI® data compiled by S&P Global across over 40 economies and sponsored by JPMorgan, though remaining among the weakest seen over the past three years. Goods selling price inflation remains especially low by historical standards, with food prices notably falling for the first time since early 2020. However, service sector inflation continues to run somewhat elevated, in part linked to wage effects. Importantly, the surveys indicate that the overall demand environment remains subdued, and global demand-pull price pressures have now ... (full story)