• The U.S. manufacturing sector is getting battered by high levels of inflation of the costs of inputs that businesses are struggling to pass on to consumers.
The prices of materials and components used by manufacturers rose in May by 2.4 percent compared with April, a blazing hot level of inflation rarely experienced before the current bout of rising prices.
The index for materials and components rose by 2.7 percent in June of 2008 but quickly plummeted. Prior to that, you have to go all the way back to December of 1979 to find monthly inflation numbers for factory inputs running higher than two percent.
This is the third consecutive month ... read article