Oh, it's not over. Not by a long shot.
...The September producer price index rose at twice the rate expected by economists in September, once again indicating that forecasters continue to underestimate the persistence of inflation.
The producer price index (PPI) for final demand rose at a month-to-month rate of four-tenths of a percentage point, lapping the forecast for a two-tenths rise. The year-over-year figure was up 8.5 percent, one-tenth above the forecast. Core-core producer prices—which exclude food, energy, and trade services (a measure of margins rather than prices)—rose 0.4 percent, also beating the forecast of 0.3 percent....
PPI is a precursor of CPI, usually by a few months as the goods work their way to final sale. These prices should show up around the end of the year.
People who like this will vote for Democrats.
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