The producer price index jumped 1.0% last month (that's 12% annualized) after
increasing 0.5% in February. In the 12 months through March, the PPI surged
4.2%. That was the biggest year-on-year rise since September 2011 and
followed a 2.8% advance in February.
increasing 0.5% in February. In the 12 months through March, the PPI surged
4.2%. That was the biggest year-on-year rise since September 2011 and
followed a 2.8% advance in February.
March’s increase in producer prices was across the board. Goods prices
soared 1.7%, accounting for almost 60% of the increase in the PPI. That was
the biggest increase since December 2009 and followed a 1.4% rise in
February. Prices for services shot up 0.7% after gaining 0.1% in February.
Members of the Federal Reserve Board have no idea what is about to hit them in terms of price advances.
They are delusional and think it is temporary,
Can much of that increase be attributed to the current capacity deficit in global logistics?
ReplyDelete