Wholesale PPI Commodity Prices Sees the Highest Y/Y Gain Since 1947

excalibur

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Mar 19, 2015
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Many of us knew that Biden would be a disaster. Hell, even Øbama knew what a fuck-up Joe has always been. But no one could imagine the depths of disaster that Joe would plumb.



We don’t really care if June marked the inflation peak or not. Yesterday’s revelation that wholesale (PPI) commodity prices rose by 23.4% on a Y/Y basis in June is the far more important data point. As it happens, that was the highest gain since the 28.9% Y/Y increase posted 75-years ago (June 1947)
 

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