To say this is stunning is a lie. It’s worse.
This is third world type of inflation and a true indicator that hyperinflation could be right around the corner (from Investing.com):
If anyone is stupid enough to think this will not impact US producer prices and inflation then they have not been paying attention. The US has intertwined so much of its manufacturing and retail industries with European producers that in the end, the US CPI will eventually see this start to hit the numbers in a very hard way.
Probably by January at the latest. Buckle up, the central banks are losing control.