Details in multiple reports are telegraphing inflation will become a big issue in months ahead

Zero-Hedge-Bloomberg/Alyce Anders/7-28-2023

“With the labor market strong and the consumer ebullient, price increases are likely to continue to be effortless. S&P Global’s preliminary survey for July noted its output price index has been a reliable leading indicator of CPI — anticipating the easing of US CPI to 3% in June. But its recent fluctuation suggests further declines in CPI below 3% may prove tricky as firms seek to pass through higher costs and interest payments to customers.”

USAGOLD note: The current situation has the feel of the run-up to the inflation surge in 2020. Then purchasing managers were warning of price increases before the general public became aware of the burgeoning problem.