PPI Shows Surging Inflation Across Prices that Companies Pay Each Other. The Fed Should Stop Dilly-Dallying Around
This kind of inflation is nothing to be trifled with: In services +4.5%; in goods without energy +5.0%; in energy +24%; overall +5.4%; year-over-year.
We haven't written up this one. Wolf Street has the full story — the link below goes straight to it.