The Weekly Breadline – February 21, 2021

The Producer Price Index for final demand increased 1.3 percent in January, seasonally adjusted, the largest single month increase since the index began in December 2009.  Meanwhile, import prices rose by 1.4 percent and export prices by 2.5 percent.  These increases were all well above expectations and counter the narrative that there is no inflation.

The Weekly Breadline 2-21-2021Final