We hope you're enjoying our site. You've read one of your seven free stories for the month. Log in for open access.

<p><p><strong>Well-stocked —</strong> Customers explore DeLand’s Aldi on its first day open in the Gateway Village Shopping Center on DeLand’s north side.</p></p><p>BEACON PHOTO/MARSHA MCLAUGHLIN</p>

July’s Producer Price Index (PPI), at the final demand level, showed the largest year-over-year percentage increase since the Bureau of Labor Statistics (BLS) began publishing the data set in November 2010.

Domestic producer prices have faced steady upward pressure across most industries since the COVID-19 recovery began due to broad increases in transportation, wage and component cost.

One factor contributing to the steady rise is the growing cost of imported goods. According to the BLS, the price of imports has increased 10.2 percent since July 2020.

Send us your news — We want your business news. Send news items and photographs via email to info@beacononlinenews.com. Please include a contact telephone number. When sending photos, please send high-resolution, uncropped files, and identify the individuals pictured.

— Compiled by Business Editor Joe Crews

1 COMMENT

  1. It wasn’t Covid that caused the inflation. It was the I’ll advised government response to Covid that’s led to record inflation.

LEAVE A REPLY

Please enter your comment!
Please enter your name here