The producer price index for final demand products was expected to increase 0.6% in August, according to economists surveyed by Dow Jones.
Source: Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago
Between the supply chain constraints, up and down every industry, and the wage demands being forced on companies who can’t find workers, I’ve been expecting this. I think it’s lagging, and we will find it getting much worse soon.
Another: Here’s how inflation is hitting the online prices of everything from apparel to furniture