The rise in the PMI Price index is about as sharp as it was post covid with the obvious resulting CPI rise.
https://en.macromicro.me/collections/5/us-price-relative/3862/ism-price-cpi-yoy
You'd think its a pretty good indicator of upcoming CPI and there'd be more discussion about it.
How come there isn't much reporting on the current ISM PMI Price index rising sharply?
byu/QFGTrialByFire inAskEconomics
Posted by QFGTrialByFire