inflation in trucking

Producer Prices Jump an Unprecedented 8.3% in August

Inflation does not seem like it is going to be slowing down in the near future. By this time next year, we hope things will normalize. At best 6-8 months if the port congestion gets fixed soon.

Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010. (continue reading here)