- Input prices for consumer-facing companies have now bounced back to the top of the range of the red-hot producer price inflation that began a year ago. Prices for goods jumped 1.3% for the month, and prices for services jumped 0.7%.
- Over the next few months, companies will pass on these increased costs to consumers, and maybe plus some, now that they can. Consumers are still willing, and in many cases eager, to pay the higher prices before they go even higher.
- This is a sign that the inflationary mindset has gotten solidly entrenched with companies and consumers alike, which allows inflation to thrive.
For further details see:
Even In Services, The Wholesale Price Spike Is Now Relentlessly Red-Hot