Producer Prices Just Exploded – And It Wasn’t Supposed to Happen Let me be blunt with you – the latest government data just dropped, and it’s not good. The Producer Price Index, or PPI (basically the price tag businesses are paying before products hit store shelves), surged by 0.9% in July alone. That’s a year-over-year increase of 3.3%, and well above the so-called “expert” predictions of just 0.2%. And if you strip out food and energy – the “core PPI” – it still came in at 0.9% for the month and 3.7% higher than last year. These are the biggest jumps we’ve seen since the inflation panic back in March 2022. This Isn’t Just About Groceries – It’s Across the…
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