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Reuters/Lucia Mutikani/3-12-2021
USAGOLD note: The sharp increase in producer prices – up 6% over the same month last year and the largest in nearly a decade – received scant attention in financial markets since the report was released on Friday. Food and energy led the surge. Though this report qualifies the increase as unlikely to be passed along to consumers, we are already seeing it reflected at the gas pump and the grocery checkout counter.
Sources: St. Louis Federal Reserve, Bureau of Labor Statistics
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