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

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.

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.


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


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.


Here is the report summary.


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


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