More news about inflation: record-high PPI!
Just going to casually drop this here...
>The Producer Price Index for final demand increased 0.8 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.6 percent in April and 1.0 percent in March. (See table A.) On an unadjusted basis, the final demand index advanced 6.6 percent for the 12 months ended in May, the largest increase since 12-month data were first calculated in November 2010.
Some materials are up 40-100% compared to last May and 10-12% compared to last month! The only thing that is seeing a month-on-month decrease is transportation. Services in general are increasing in price less than materials which could mean that there are supply bottlenecks, but it could also be increased demand. Check the breakdown here: [https://www.bls.gov/news.release/ppi.t02.htm](https://www.bls.gov/news.release/ppi.t02.htm)
Obviously, this could be transitory, but it is worth keeping an eye on it! What do you think?
Source: [https://www.bls.gov/news.release/ppi.nr0.htm](https://www.bls.gov/news.release/ppi.nr0.htm)
https://www.reddit.com/r/StockMarket/comments/o11dg2/more_news_about_inflation_recordhigh_ppi/
