Producer Prices Surge At Fastest Rate In Almost 6 Years

By: Curtis Wayne   11/15/2017

October was expected to see a slowdown in inflation.

But rather than a drop in inflation, the PPI printed a massive 2.8% YoY.  This is the hottest PPI since Jan 2012,  driven by surges in fuel prices and drugs.

As the dollar continues to drop against other currencies, the price of oil will continue to increase, which will drive up inflation like we have not seen since the 70's.

The higher prices will most likley push the US into a recession.

Copyright © 2022 All rights reserved.