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Trumponomics: High Prices and a War Pushing Them Even Higher
This morning's Producer Price Index report showed that goods prices jumped 1.1% last month, the biggest monthly surge since August 2023, led by a 48.9% spike in fresh and dry vegetables, plus increases in diesel, gasoline, jet fuel, and eggs. This is on top of January's troubling 0.5% monthly surge that was nearly double what forecasters predicted. Out-of-control prices are becoming a defining feature of the…