Producer Prices Close to Record Levels in June

by Peter Schiff, Schiff Gold: If you’re hoping red-hot inflation will cool down significantly in the coming months, you’re probably going to be disappointed if producer prices provide any indication. The Producer Price Index (PPI) shot up at a near-record pace in June, rising 11.3% on an annual basis. That was just off the record 11.6% increase last March. […]