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What is the PPI and why is it an economic indicator? What does the chart below indicate about demand for final goods in October 2023?

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What is the PPI and why is it an economic indicator? What does the chart below indicate about demand for final goods in October 2023? What is the estimated percentage decrease? In what other month is there a similar decrease? What did this mean for sellers? Chart 1. One-month percent changes in selected PPI final demand price indexes, seasonally adjusted Percent change 2.0 1.0 0.0 -1.0 -2.0 Jan'23 Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan'24 Final demand -0-Final demand goods Final demand services

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