--- title: Price inflation trending better description: Consumer price inflation is on the decline however wage inflation has yet to normalize. This could temper any further downside in price inflation. image: https://media.licdn.com/dms/image/D4D12AQFaNRhOGoTQDA/article-inline_image-shrink_1500_2232/0/1700585877792?e=1706745600&v=beta&t=I4Nk-eirQVhPul2GURuDl1Be0y9jqoIlXIGKQHIX23Y --- [Skip to content](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/price-inflation-trending-better#main-content) ![Datum Logo Stacked](https://datumfs.com/hs-fs/hubfs/Datum%20Logo%20Stacked.png?width=80&height=97&name=Datum%20Logo%20Stacked.png) - [David](https://datumfs.com/team) - [Commodity Sourcing & Risk Management](https://datumfs.com/commodity-research-and-forecasts) - [Resources](https://datumfs.com/en/maloni-intelligence-chart-of-the-week) Show submenu for Resources - [Blog](https://datumfs.com/en/maloni-intelligence-chart-of-the-week) - [Podcast](https://datumfs.com/commodity-kitchen-podcast) - [Collaboration](https://datumfs.com/datum-advisors-0) Open main navigation Close main navigation - [David](https://datumfs.com/team) - [Commodity Sourcing & Risk Management](https://datumfs.com/commodity-research-and-forecasts) - [Resources](https://datumfs.com/en/maloni-intelligence-chart-of-the-week) Show submenu for Resources - [Blog](https://datumfs.com/en/maloni-intelligence-chart-of-the-week) - [Podcast](https://datumfs.com/commodity-kitchen-podcast) - [Collaboration](https://datumfs.com/datum-advisors-0) - [Email us](mailto:david@datumfs.com) [Email us](mailto:david@datumfs.com) Dec 1, 2023 12:55:21 PM # Price inflation trending better ![Picture of David Maloni](https://app.hubspot.com/settings/avatar/520f8829ce5a723a41ab6a8a3d9604b0) [David Maloni](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/author/david-maloni) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://datumfs.com/en/maloni-intelligence-chart-of-the-week/price-inflation-trending-better) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://datumfs.com/en/maloni-intelligence-chart-of-the-week/price-inflation-trending-better) [Twitter icon](https://twitter.com/intent/tweet?url=https://datumfs.com/en/maloni-intelligence-chart-of-the-week/price-inflation-trending-better) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://datumfs.com/en/maloni-intelligence-chart-of-the-week/price-inflation-trending-better) [envelope icon](mailto:?body=https://datumfs.com/en/maloni-intelligence-chart-of-the-week/price-inflation-trending-better) Consumer price inflation has been a genuine concern for the economy and the consumer for the last few years. Last week's October headline number of a 3.2 percent annual gain has led the "inflation is normalizing" cheer. And the chart below suggests were close. But I caution that it may be hard to normalize inflation until wage inflation normalizes which is still tracking ~4 percent above prior year. To give you some perspective, and you know I love to do so, annual wage inflation for the decade before COVID averaged at 2.4 percent. ![](https://media.licdn.com/dms/image/D4D12AQFaNRhOGoTQDA/article-inline_image-shrink_1500_2232/0/1700585877792?e=1706745600&v=beta&t=I4Nk-eirQVhPul2GURuDl1Be0y9jqoIlXIGKQHIX23Y)   Datum FS offers an extensive range of forecasts for more than 50 commodities, including beef, dairy, grains, pork, and chicken markets. If you're interested in exploring a complimentary trial of our forecasts and commentary, or learning more about the services provided by Datum FS, simply click on the home button above. Thank you for taking the time to read. [commodity markets](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/commodity-markets), [restaurants](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/restaurants), [supply chain](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/supply-chain), [foodcosts](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/foodcosts) ## Related posts [![](https://media.licdn.com/dms/image/v2/D4E12AQHUJhRIy--BYQ/article-cover_image-shrink_720_1280/article-cover_image-shrink_720_1280/0/1730926250834?e=1736380800&v=beta&t=UgQIVlo8K788dC-2LrnLGM8EtvRX4_ViakhwC6-vA9E)](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/its-the-economy) [restaurants](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/restaurants), [supply chain](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/supply-chain) ## [It's the Economy...](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/its-the-economy) ![Picture of David Maloni](https://app.hubspot.com/settings/avatar/520f8829ce5a723a41ab6a8a3d9604b0) [David Maloni](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/author/david-maloni) Nov 7, 2024 10:50:41 AM Speaking of higher prices, I think its fair to say that price inflation played a part in the... [Read more](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/its-the-economy) [![](https://media.licdn.com/dms/image/D4E12AQG5nDULc4phZQ/article-inline_image-shrink_1500_2232/0/1719430967441?e=1724889600&v=beta&t=pJzThrnprNsq8v3CVHoPBdcGwUSRkYH1jwVb0QjPtg8)](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/restaurant-industry-struggles) [restaurants](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/restaurants) ## [Restaurant Industry Struggles](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/restaurant-industry-struggles) ![Picture of David Maloni](https://app.hubspot.com/settings/avatar/520f8829ce5a723a41ab6a8a3d9604b0) [David Maloni](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/author/david-maloni) Jun 28, 2024 9:53:46 AM Speaking of struggling, theNational Restaurant Association's Restaurant Performance Indexcaught my... [Read more](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/restaurant-industry-struggles) [![](https://media.licdn.com/dms/image/D4E12AQFEQpJ5otnMng/article-inline_image-shrink_1500_2232/0/1694020647556?e=1699488000&v=beta&t=cxbcLQIdD08FWRAdy6uO2CCF2gnHmGRQkbrpUVMboFA)](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/inflation-update) [commodity markets](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/commodity-markets), [restaurants](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/restaurants), [supply chain](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/supply-chain), [foodcosts](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/tag/foodcosts) ## [Inflation Update](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/inflation-update) ![Picture of David Maloni](https://app.hubspot.com/settings/avatar/520f8829ce5a723a41ab6a8a3d9604b0) [David Maloni](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/author/david-maloni) Sep 8, 2023 2:14:46 PM You know what hasn't fallen over the last few years? Wages! In the latest government jobs data... [Read more](https://datumfs.com/en/maloni-intelligence-chart-of-the-week/inflation-update) [linkedin-in icon](https://www.linkedin.com/in/davidmaloni/) --- [![](https://datumfs.com/hs-fs/hubfs/Datum%20Logo%20Long.png?width=960&height=418&name=Datum%20Logo%20Long.png)](https://datumfs.com) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "David Maloni", "url" : "https://datumfs.com/en/maloni-intelligence-chart-of-the-week/author/david-maloni" }, "dateModified" : "2023-12-01T17:55:21.689Z", "datePublished" : "2023-12-01T17:55:21.000Z", "headline" : "Price inflation trending better", "image" : [ "https://media.licdn.com/dms/image/D4D12AQFaNRhOGoTQDA/article-inline_image-shrink_1500_2232/0/1700585877792?e=1706745600&v=beta&t=I4Nk-eirQVhPul2GURuDl1Be0y9jqoIlXIGKQHIX23Y" ], "mainEntityOfPage" : { "@id" : "https://datumfs.com/en/maloni-intelligence-chart-of-the-week/price-inflation-trending-better", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://datumfs.com/hubfs/Datum%20Logo%20Long.png" }, "name" : "Datum FS" } } ```