Friday, April 9, 2021

IT BEGINS: Producer Prices Explode


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.

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,


1 comment:

  1. Can much of that increase be attributed to the current capacity deficit in global logistics?