Inflation Alert! US Producer Prices Soar At Record Pace In May (0.8% MoM) Core PPI Rose 0.7% MoM, CPI Purchasing Power Keeps Declining

June 15, 2021 9:57 pm by IWB

The Producer Price Index Final Demand rose 0.8% MoM in May.

ddd

US CPI YoY and PPI Final Demand YoY are tracking nicely.

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Of course, home prices are growing at 13.19% YoY.

Consumer purchasing power continues to decline.

Will this be The Fed’s version of Haydn’s Surprise Symphony?

“We swear! Inflation is transitory!!”

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