Producer Wholesale Prices Up 8.3% From a Year Ago

Federal data indicate that the prices producers get for final demand goods and services are up 8.3% over the past year — the highest rate of growth since at least 2010, according to CNBC. (Here’s the producer price index for manufacturing.)

OMA Connections Partner RSM notes that last month’s 0.7% jump in the index was slower than the gains in June and July, and inflation could be easing.

Meanwhile, the consumer price index is up 5.3% from a year ago. Moody’s Analytics estimates that transportation costs have contributed about 10% of that increase. 9/14/2021