Episode
PPI Confirms CPI: Energy Shock, Not a Trigger For a Rate Hike
- Podcast
- The Navarro Express
- Published
- Jun 11, 2026
- Duration seconds
- 385
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Summary
Not all inflation is the same. The latest CPI and PPI reports point to an energy-driven price shock, not an overheated economy. While producer prices surged in May, energy costs—particularly gasoline—did most of the heavy lifting. The key question is whether those higher energy costs spread into broader inflation. History suggests the Federal Reserve should be careful not to respond to an oil shock with aggressive rate hikes that risk slowing growth and triggering recession.