US Producer Prices Soar At Record Pace In August, Up 9 Months In A Row

• US Producer Prices Soar At Record Pace In August, Up 9 Months In A Row
  by Tyler Durden, https://www.zerohedge.com/
  Transitory or not?
  Another month, another series of inflation indicators begins with Producer Prices and it won’t help Powell’s case that this is all ‘transitory’. Headline PPI rose 0.7% MoM (above the 0.6% expected) which sent the headline print up a stunning 8.3% YoY…
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  And it’s not all energy costs as core PPI also rose faster than expected (up 6.7% YoY) and up for the 9th straight month…
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  read more.

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