Producer Price Index (PPI) readings for May 2022 are shown in Table B above.

               Observe that the highlighted column on the right is about double that of the highlighted column on the left – and it’s been that way for the last 12 months.

              Because it takes a while for rising costs to work their way through the pipeline, this means that when unprocessed goods are turned into processed goods, consumer prices will be even higher

                                                               ::::::

                                  September 17, 2022 Seminar

                              “How I Stopped Worrying

                        and Learned to Love Inflation”