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Core-Inflation Surge Highlights Bottlenecks Throughout US Economy


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The jump underscores how supply shortages and bottlenecks hindered firms ability to meet surging demand. 
Economists still expect such inflation to cool as supply chains heal and production rebounds.
The Bureau of Labor Statistics latest inflation report includes many superlatives.
The Consumer Price Index posted its largest most month-over-month jump since 2009. Its year-over-year increase was the largest since 2008, and used vehicle prices soared the most on record, dating all the way back to 1953.
But core inflation a better tool for measuring bottlenecks in the manufacturing sector also jumped at a rate not seen in decades. The gauge soared 0.9% last month, marking the largest one-month climb since 1982. ....

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