high. we learned that on friday, and this report suggests they're going to stay hot. you can see with that chart, you know, producer prices, this level of inflation was pretty tame before covid. it's really taken off, and that's because of all of these covid related supply chain issues, the worker shortage, and because demand is really really strong right now as the economy reopens. what's really striking is this is totally widespread. double digit price increases on everything from food and trucking to we saw iron and steal scrap up 78%. gasoline up almost 100%, more than 100% from a year ago. inflation is spreading. that is not what the white house or federal reserve wanted to hear. president biden said inflation is probably peaking here, and that could be true, but it's hard to forecast anything in the covid economy, and if it's peaking, doesn't mean it's going to come down to low levels or healthy levels anytime soon.