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
“How I Stopped Worrying
and Learned to Love Inflation”