The producer price index in the US was at 118 in 2020. It shot up to 140.72. In the US that corresponds to the producer having less purchasing power which direc

The producer price index in the US was at 118 in 2020. It shot up to 140.72. In the US that corresponds to the producer having less purchasing power which directly ties into our consumer price index and the raw costs of goods. At one point the producer-side inflation was WORSE. Businesses were loosing their asses in the US. it wasn't "price gouging". https://ycharts.com/indicators/us_producer_price_index https://ycharts.com/indicators/us_producer_price_index