Steve Cortes Covers New PPI and CPI Scores

Steve Cortes talks about what he calls “something that actually matters to the lives of citizens of America” — namely the value of the money in their wallet.

“What really matters. Things like prices. Just now we got out Producer Price Index…. matched the highest of all time, 10 percent. So we are in double digit territory, the highest of all time. … Producer prices very soon become consumer prices. That’s the way the economy works. At this point, it’s wholesale inflation, soon to be retail inflation, what we are paying for everything we want and need.”