So much for transitory inflation.
The US Producer Price index (Final Demand) rose to a blistering rate of 8.6% YoY.
Will this translate to higher consumer prices? Of course it will.
When The Fed or the Biden Administration says that inflation is transitory and will be fixed once we unclog the shipping pipes, remember this warning from the UN that global warming will wipe out entire nations if not reversed by 2000. So, it is too late! I am buying a gas-guzzling Cadillac Escalade with a monster V-8 engine!! (Not really, I am more of a Ford kind of person).
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
1 view