Yesterday, we noted that the Consumer Price Index was indicating significant inflation - with implications both for salary adjustments and pension adjustments.* Another index, the Producer Price Index (a successor to what was once called the Wholesale Price Index), is meant to suggest inflation in the "pipeline" that is coming toward retail prices. It was released today and it suggests there is indeed more in the pipeline to process, as the chart above shows. Put another way, there is more for the Regents to consider at their May meetings.
The latest PPI can be found at https://www.bls.gov/news.release/pdf/ppi.pdf.
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*http://uclafacultyassociation.blogspot.com/2022/04/note-to-regents-its-hard-to-ignore.html.
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