The Quiet Surge Behind the Curtain While headlines have focused on easing consumer inflation, the real pressure is building upstream—where most Americans aren’t looking, and frankly, where policymakers prefer it stays. The Producer Price Index (PPI), which tracks what businesses pay before goods ever reach store shelves, jumped 0.7% in February—the largest increase since mid-2025. On a yearly basis, producer prices are now up 3.4%, marking the fastest pace in a year. This isn’t noise. It’s a signal. Wholesale inflation is the early tremor before the earthquake. When producers pay more, consumers eventually do too. The lag isn’t a relief—it’s a buffer. Time for narrative management. Time for institutions to prepare their next move. Food Prices Are Leading the Charge—and…
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