Transitory? Producer Price Inflation Hits New Record High of 8.6%
by confoundedinterest17 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 … Read more