PPI Sets New Record
The Bureau of Labor and Statistics (BLS) released March price data [Available Here] showing a dramatic 11.2% increase year-over-year in Final Demand products at the wholesale level. This is the fifth consecutive month with the highest rate of inflation the PPI ever recorded.
The PPI (Producer Price Index) tracks wholesale price changes. This includes Origination (commodity), Intermediate (processing), and Final (to wholesale).