Thursday, May 13, 2021

MORE INFLATION: Producer Price Index Soars


The just-released latest Producer Price Index shows price inflation at the producer lever for the month of April came in at 0.6% that is an annualized rate 7.2%.

This is a developing story, return to this post for updates.


On a 12-month basis, the PPI came in at 6.2%.


Fresh fruits and melons climbed 9.3% in the month. Beef and veal climbed 13.4% and pork climbed 10.2%. Airline passenger service climbed 7.2%. Passenger car rental climbed 17.0%.


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