This chart shows the year over year producer price index with the 2% target rate represented by the red dotted line. What is striking beyond the staggering jump in the raw/crude inflation numbers is how the finished product numbers are lagging way behind.I'll admit I'm no economist, but I would gather that there's some lag time before the finished product prices catch up with the raw/crude prices. So just imagine how bad inflation will be by this summer.
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