Producer Prices Up Nearly 10%

The prices of inputs paid by producers is up nearly 10% year over year. This shows the prices paid by consumers (CPI) still has room to grow. I would not expect consumer price inflation to peak until after PPI begins to decline.

https://www.cnbc.com/2021/12/14/wholesale-prices-measure-rises-9point6percent-in-november-from-a-year-ago-the-fastest-pace-on-record.html