Manufacturers Begin Failing As Inflation Destroys The Old Economy, Producer Prices Wreak Havoc

Producer Prices have far exceeded the inflation consumers face forcing producers to continuously raise prices. the ppi is view as a forward indicator because it signals changes in prices coming down the line. what happens when the producers can't raise prices and their business becomes unprofitable... they begin closing shop. that's what happened with LG's brand new solar panel factory in Alabama. the plant was opened in 2019 and already they cannot afford to continue producing solar panels in a world going green.