via @OccupyWisdom :
Money velocity is starting to turn up again.
This is why, despite massive #inflation, we haven’t seen the price increases that people mistake for inflation (broadly).
Price increases as a result of inflation when you have increased velocity of money.
“Core Producer Prices surged 0.6% MoM (well above the 0.2% expected), the biggest spike since September 2012 which sparked rebounds in the headline YoY change back towards 3.00%.”