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Inflation Index hits highest level since 1979. Will we have another "Misery Index"? Is the Biden administration the Carter Administration, Part 2 ?
Posted by: WTF Over?? ()
Date: June 17, 2021 07:15PM

Price Increases Remain Widespread

The prices paid diffusion index rose for the second consecutive month, 4 points to 80.7, its highest reading since June 1979 (see Chart 2). The percentage of firms reporting increases in input prices (82 percent) was higher than the percentage reporting decreases (1 percent). The current prices received index rose for the fourth consecutive month, moving up 9 points to 49.7, its highest reading since October 1980. Over 51 percent of the firms reported increases in prices received this month (up from 43 percent last month), while only 2 percent reported decreases (the same as last month).



Source: Federal Reserve of Philadelphia

https://www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/mbos-2021-06

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