ISM Survey: Manufacturing Is Highest Since April 2004 (Prices Highest Since May 2011) — 2% Inflation?

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The Institute for Supply Management (ISM) released their monthly survey for manufacturing this morning. The findings? The ISM Manufacturing Index is at its highest level since May 2004.

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How about business prices? They are now the highest since May 2011.

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The last time ISM prices were this high were followed shortly by the only time that “inflation” (Core PCE prices YoY) were above 2% since The Great Recession.

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Here is the report summary.

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“Was I wrong about inflation … AGAIN???????”

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