“Supply bottlenecks keep heat on U.S. producer prices”
September 10, 2021
“U.S. producer prices increased solidly in August, leading to the biggest annual gain in nearly 11 years, suggesting that high inflation is likely to persist for a while as the unrelenting COVID-19 pandemic continues to pressure supply chains.
There are, however, signs that inflation could be nearing its peak, with the report from the Labor Department on Friday showing underlying producer prices rising at their slowest pace in nine months in August. High inflation is eroding households’ purchasing power, contributing to the downgrading of economic growth estimates for the third quarter…”
https://news.trust.org/item/20210910134804-4c8jj
No inflation has not peaked. The supply bottleneck will become worse this winter. This winter the labor shortage will become worse not better. That’s my prediction.