The PPI time series they use is indexed to the outlier you see in 2020, although that's the incorrect chart - this should be a better one: https://fred.stlouisfed.org/series/WPU0221
The conclusion is that industry PPI is down 20% since 2020, which is ridiculously misleading.
Speaking of incorrect charts, they used "Meats, poultry, fish, and eggs", which is the time series easily available on FRED, but on this timeframe is mostly about eggs - the one component irrelevant to the article.
The fact that this was written by a "Sr Data Scientist" is laughable, but probably average Silicon Valley economics.
The conclusion is that industry PPI is down 20% since 2020, which is ridiculously misleading.
Speaking of incorrect charts, they used "Meats, poultry, fish, and eggs", which is the time series easily available on FRED, but on this timeframe is mostly about eggs - the one component irrelevant to the article.
The fact that this was written by a "Sr Data Scientist" is laughable, but probably average Silicon Valley economics.