4704 outlook

Economic Outlook: September 10, 2021

Sep 10, 2021  | Ep4704

What was thought to be last year’s brief and intense coronavirus recession is still having a ripple effect on the nation’s economy. Supply chain bottlenecks, along with fewer people on deck to handle the volume, have led to an increase in what everyone is paying at the point of sale. --

The producer price index — which measures inflationary pressures before products reach consumers — climbed 0.7 percent last month.

When food and energy prices are taken out of the equation, core PPI increased 0.6 percent.

Despite the increase in prices, the Purdue/CME Ag Barometer has remained positive due to what producers say is a good financial outlook. ---

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