- We are recovering from a sharp if brief recession, and with the dual fire hoses of fiscal and monetary stimulus, entering a boom such as we have probably not seen in over 50 years.
- Unsurprisingly, supplies of commodities and goods that had been cut back during the recession are going to be stretched thin and much competed for now, generating at least a brief burst of inflation.
- Producer prices for March were reported up 1.3% for that month alone. YoY producer prices are up 6.0%.
For further details see:
With A Booming Economy Comes At Least Transitory Inflation