Industrial Inflation

Most of you are aware of the increase in various commodity prices.

You'll be even more (painfully) aware of them in the future.

The JOC-ECRI Industrial Price Index is the brainchild of Geoffrey Moore. Originally created in 1986, the current Index has been in use since 2000. It is designed to give an early "heads-up" to inflationary pressures.

Although textiles (-4.28%) and "miscellaneous" (-3.33%) are down, the rise of petroleum (+31.46%) and metals (+27.51%) in the last year brings the Industrial inflation rate to a heart-stopping 10.58% y/y this month.

Forget cars, appliances, plastic doodads and new computers. Buy more clothes.

The other stuff will just cost you a LOT more...