US Wholesale Price-Spike Worst in the Data, Even Services. But Further up the Producer Price Pipeline, Inflation Rages at 28% | Wolf Street

At Intermediate Demand Stage 1 industries, furthest up the pipeline, whose production creates the inputs for industries in Stage 2, prices exploded by 20.8% year-over-year (green line), according to the Bureau of Labor Statistics today. At Stage 2 industries, which create the inputs for industries in Stage 3, prices exploded by 28.1% year-over-year, the worst in the data going back to 2010 (red line). At Stage 3 industries, which create the inputs for Stage 4, prices exploded by 20.6% year-over-year (gray line). And at Stage 4 industries, which create inputs to Final Demand, prices shot up by 12.9% (black line):

The PPI Final Demand jumped by 0.8% in November from October. Compared to November last year, the PPI spiked by 9.7%, by far the worst ever in the data going back to 2010 (red line).

US Wholesale Price-Spike Worst in the Data, Even Services. But Further up the Producer Price Pipeline, Inflation Rages at 28% | Wolf Street