
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="514" src="https://immediate.guru/wp-content/uploads/2023/11/cpi-1024x514.png" alt="" class="wp-image-723" srcset="https://immediate.guru/wp-content/uploads/2023/11/cpi-1024x514.png 1024w, https://immediate.guru/wp-content/uploads/2023/11/cpi-300x150.png 300w, https://immediate.guru/wp-content/uploads/2023/11/cpi-768x385.png 768w, https://immediate.guru/wp-content/uploads/2023/11/cpi.png 1507w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /></figure>



<p></p>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="514" src="https://immediate.guru/wp-content/uploads/2023/11/c26f84ae-6d2a-4885-96ee-dcd3aef6c4e8_1507x756-1024x514.png" alt="" class="wp-image-721" srcset="https://immediate.guru/wp-content/uploads/2023/11/c26f84ae-6d2a-4885-96ee-dcd3aef6c4e8_1507x756-1024x514.png 1024w, https://immediate.guru/wp-content/uploads/2023/11/c26f84ae-6d2a-4885-96ee-dcd3aef6c4e8_1507x756-300x150.png 300w, https://immediate.guru/wp-content/uploads/2023/11/c26f84ae-6d2a-4885-96ee-dcd3aef6c4e8_1507x756-768x385.png 768w, https://immediate.guru/wp-content/uploads/2023/11/c26f84ae-6d2a-4885-96ee-dcd3aef6c4e8_1507x756.png 1507w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /></figure>



<p>Some excellent analysis by Russell Rhoads</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<a class="twitter-timeline" data-width="500" data-height="750" data-dnt="true" href="https://twitter.com/RussellRhoads?ref_src=twsrc%5Etfw">Tweets by RussellRhoads</a><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p><a href="https://russellrhoads.substack.com/p/cpi-ppi-plus-big-box-retail-earnings">https://russellrhoads.substack.com/p/cpi-ppi-plus-big-box-retail-earnings</a></p>


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