“Great news America – your standard of living just dropped little more as producer prices rose by 2.6% YoY in September, the fastest rate of increase since Feb 2012 – driven by a surge in energy prices. This no doubt relieves some pressure on the ‘transitory’ Fed – enabling higher rates (and yet lower living standards)…”
Source: Producer Prices Surge At Fastest Rate In Over 5 Years (Thanks To Hurricane Harvey)