Core PPI up 9.6% annualized (0.8% MoM) in May

hilariously

This is what you get when you elect a mad king. "I love the inflation" - Donald Trump.

gortok

We are not at a point as a country to have a serious discussion about governance. The administration in charge (as recently as yesterday) still blames Biden for issues happening on their watch, even though he hasn’t been in officer for 16 months now. This is not an administration serious about governing, and until we have an administration serious about governing and taking responsibility for their actions, we will continue to have this situation where half the country blames the half not in power for decisions it is making. Congress of course is somehow worse, as instead of treating the executive like a branch of government they are meant to have oversight of, they abdicate their oversight role and roll over to the wishes of the present administration. The net effect is those of us that live paycheck to paycheck (which is 2/3rds of Americans) are caught in the middle of a situation that would be deemed fantastical and not realistic to write about if it was described in a dystopian novel. The Iran war continues with no oversight from Congress, and no authorized war while we pay the price. Vote them all out.

duskdozer

So, how many are getting paycuts this year? Things aren't/haven't ever been suited for me to be a job hopper, and as always that seems to be the only way to have your salary meaningfully keep up with inflation.

justonepost2

Can't wait for AI to bring the prices of all goods to near zero :)

3askhg

Until the press and the public do not examine the real long term strategies of the US establishment, this won't change. All you hear is reporting about Trump's daily contradictory statements, "leaks" in Axios that peace in Iran is imminent, then 40 tomahawk missiles. Next are probably fake peace talks again. Until the press grasps that the US establishment wants a protracted forever war that hurts the EU, Japan, and India, no change will occur. The US wants to force investment of these countries in building valuable industrial infrastructure in the US and shake them down with high US energy imports. The US population is suffering collateral damage. The billionaires are willing to take that sacrifice.

alberth

CPI vs PPI, in case you’re curious like me … CPI tracks retail costs and the cost of living, whereas PPI tracks wholesale costs. As such, PPI acts as an early indicator of future consumer inflation.

revel

Awful news for everybody, particularly those in speculative tech jobs. We may well look back at the attack on Iran as the American tipping point that caused the same kind of financial stagnation as Brexit caused for the UK.

steveBK123

Possible the everything bubble propping up unprofitable tech buying up resources across the supply chain to build infrastructure + tariff inflation + war of choice energy inflation + massive federal spending + unwillingness to hike rates to cool things off ? Good chance we run the COVID inflation all over again

khriss

What makes this appalling is that the current situation is entirely the result of deliberate choice by the president. I know there will be a lot of commenters rushing in to breathlessly claim 'Inflation was worse under Biden!'. However, there is a difference between inflation being the result of a literal 'once a 100 year' global pandemic and Trump deciding to attack Iran because he needed to remove attention from his involvement in the Epstein files. As a summary * Jan 2025 - Inflation when Trump took office was 2.9% * Jan 2026 - Inflation at 2.4% * 30th Jan 2026 - DOJ releases the first major batch (3 million files) of Epstein files. Numerous mention of Donald Trump in the files are immediately highlighted. Trump rants and rails, calling it a 'witch hunt' * Feb 2026 - New York times releases a bombshell report documenting that Trump appeared in the files 5300 times. [1] * Mid Feb 2026 - Trump starts ratcheting up the rhetoric against Iran * 28th Feb 2026 - US attacks Iran * June 2026 - Avg gas prices over $4, US CPI at 4.2% and rising rapidly. The PPI numbers in the article referenced by OP show that this is only going to get worse. [1] https://www.nytimes.com/2026/02/01/us/trump-epstein-files.ht...

howmayiannoyyou

Yes, purchasing power of USD declines with inflation. No, that doesn't mean over a long enough time horizon what most people think it means. USD has declined significantly since 2017 ( https://fred.stlouisfed.org/series/CUUR0000SA0R ), but what it buys has substantively changed. - You couldn't buy continous glucose monitors, OTC hearing aids, home heart monitors using your cellphone or watch or countless medications that didn't exist in 2017 (eg. Journavx, the first non-opiod pain med, smart insulin pens, etc.). - You couldn't buy noise-cancelling earbuds, generative AI, somewhat affordable electric vehicles, PT and medical advice from Youtube/AI, self driving vehicles, more reliable electricity from grid-scale store, Satellite rescue from your cellphone, etc. The retort will be daily items are about 30% more expensive since Covid. This is the result of Federal and State policies that have little to do with the White House and everything to do with Congress and State Houses. As just one example... ask yourself why so much ag is grown in Western states with water shortages and so far from the rest of the country?

adjejmxbdjdn

We have voluntarily recreated the effects of the worst supply side disruption in modern history that happened after the pandemic.