Global goods exports volumes are recovering to normal trend…
Now check the difference between volume and value and tell us that inflation is transitory. pic.twitter.com/qR3f3TU0LM
— Daniel Lacalle (@dlacalle_IA) September 13, 2021
A new survey from the New York Fed noted that the median expectation for the rate of inflation over the next year increased to 5.2% — the highest seen since the NY Fed’s survey was launched in 2013.
“Everything that we once did now costs more,” Apollo Global’s Marc Rowan told CNBC’s Leslie Picker.
Producer prices that are input prices for consumer-facing industries are red-hot. But further up the production chain, prices are white-hot.