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Business week ahead, Oct. 8-12

Prices for gas and more have been ticking

Prices for gas and more have been ticking up across Long Island. September data are due this week. Credit: Barry Sloan

KEY EVENT: Inflation update. Inflation locally has been increasing slowly but persistently this year. In August, prices stood at a 17-month high. Did prices go even higher as summer ended? The answer comes Thursday when the Labor Department releases September consumer prices. The report includes an update on inflation nationally and a breakout of prices in the 25 Northeast counties, including Long Island and New York City.

MONDAY: Post offices are closed for Columbus Day and there is no regular mail delivery, but financial markets are open.

TUESDAY: Dale Carnegie Training Center of Long Island (631-813-2970) is offering a free “Leadership Training for Managers” seminar at its Hauppauge headquarters, 8:30-10 a.m. Also, the September small-business optimism index from the National Federation of Independent Business.

WEDNESDAY: The Labor Department posts September producer prices, an early-warning inflation indicator that tracks prices at the wholesalers’ level. Earnings: consumer electronics seller Voxx International.

THURSDAY: Jobless benefits claims for the week ended Oct. 6 from the Labor Department. Earnings: Walgreens Boots Alliance.

FRIDAY: Import and export prices in September from the Labor Department. Also, consumer sentiment in early October from the University of Michigan. Earnings: Citigroup, JPMorgan Chase, Wells Fargo.


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