Producer Prices Just Blew Through the Roof—And So Did the Lies On Thursday, the numbers came out. The Producer Price Index (PPI) shot up by 0.9% in a single month, the biggest spike since June 2022. That’s not a warning—it’s a five-alarm fire. Strip out the “volatile” food and energy prices (which they always conveniently do), and core PPI still rose 0.9%. Take out trade services too? You're still looking at the biggest rise since March 2022. So let’s do a little math that no one in Washington wants to talk about: If this trend continues for 12 months, we’re staring down a 10.8% annual inflation rate. That’s right—Jimmy Carter territory, except this time there's no Volcker to save us,…
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