Producer Price Index in July 2021 pointing toward increasing inflation.
Everyone is aware of the Consumer Price Index. Another less known indicator of price levels is the Producer Price Index, or PPI.
(Discussion cross-posted from Attestation Update because the inflation we are now seeing is a direct and expected consequence of policies at the federal level. Serious levels of inflation impact our economic and political freedom.)
The PPI suggests prices have been shooting up since the January 2021.
This index is explained by the Bureau of Labor Statistics:
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