U.S. Manufacturers Battered by Third Month of Biden Inflation
https://www.breitbart.com/economy/2021/0...iden-inflation/
John Carney
15 Jun 2021


The U.S. manufacturing sector is getting battered by high levels of inflation of the costs of inputs that businesses are struggling to pass on to consumers.

The prices of materials and components used by manufacturers rose in May by 2.4 percent compared with April, a blazing hot level of inflation rarely experienced before the current bout of rising prices.

The index for materials and components rose by 2.7 percent in June of 2008 but quickly plummeted. Prior to that, you have to go all the way back to December of 1979 to find monthly inflation numbers for factory inputs running higher than two percent.

This is the third consecutive month of materials and components inflation above two percent. It would be the fifth consecutive month except for a tiny tip to 1.94226 percent in February.-- excerpt, rest at link above --