The Producer Price Index, a measure of wholesale inflation, rose a bit through the beginning of the year but fell sharply in July, from 2.7% to 2.3%:
Average PPI over the past year has been 1.8%. This is more evidence, as if more were needed, that inflation is sufficiently under control. There's no need to drive the country into a recessionary ditch just for a few more tenths of a point.
The Producer Price Index by commodity shows a slightly increasing trend in year/year inflation:
https://fred.stlouisfed.org/graph/fredgraph.png?g=1s5nv
Kevin is apparently showing the Final Demand index , and he shows year/year changes, not month/month changes.
Given that different indexes show different numbers, and that the month/month values are actually quite noisy, there are no major conclusions about trends to be drawn from the latest month/month changes. But there is no doubt that commodity inflation is low now, and the graph shows how it was really the cause of the 2021-2 inflation.
Kevin's failure to give references to his data is really annoying, especially when he gives the wrong description.
Fake news! Clearly Biden is manipulating the numbers to help Harris.
Next you'll be telling us Harris draws larger crowds than Trump.