Of note: producer price index is up 3.3% for the year.

This is an indicator of future customer prices (if the cost to the producer goes up, they pass it along to customers)

But in the real world commodity prices are soaring.

Here are some of the big YoY gains: cocoa 170%, coffee 75%, natural gas 50%, wheat 45%, sugar 40%, oil 35%, soybeans & copper 30%, and silver & gold 25%.

#economy