- In another sign that the inflation train is far from running out of steam, producer prices were up big again in February.
- The PPI for final demand surged 0.8% month on month. This was close to the expectation. The annual increase in producer prices came in at 10%, tying the all-time record.
- The continuing spike in producer prices will likely spill over into CPI down the road, meaning consumers will see more price hikes in the months ahead as businesses pass on at least some of their costs to customers.
For further details see:
More Inflation Coming Down The Pike; Producer Prices Up Big Again