Producer Price Index is up 11%; inflation is not stopping
More signs that inflation has not peaked: the Producer Price Index is up to 11 percent.
That is a half point increase from March. Construction led the way with a four percent increase.
When you remove food, energy and services demand, the index is nearly seven percent higher on the year.
The PPI measures the increase in cost for wholesale items. It is a leading indicator of inflation because it measures prices before they are passed along to consumers.