Well, here’s a bit of an eye-popper. The producer price index came in very hot for March at a sizzling 44.1% annualized rate of gain. That’s the largest monthly gain in the last 45 years!
So the question recurs: Is this finally an advance warning that inflation is coming back after a long hiatus, or are the March numbers just some kind of once-in-a-hundred year aberration that amounts to random noise, not signal?
SUBSCRIBE TO CONTINUE READING
$39
Monthly
Sign Up
$99
Quarterly
Sign Up
$365
Yearly
Sign Up