The “producer price index” is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate and Final. The Bureau of Labor and Statistics (BLS) released stunning price data showing a dramatic 7.8% price increase in Final Demand products at the wholesale level. When you see the wholesale level of prices almost double the increase in consumer level inflation rate, you can predict that consumer prices will likely go even higher. The future finished goods at a retail level will carry the current wholesale price increase. Stuff costs a lot now… and stuff is about to cost even more pretty soon.
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