Producer prices rise 11.2%; Biggest gain on record...
https://fred.stlouisfed.org/series/PPIFID
The oldest measure goes back to 1913:
https://fred.stlouisfed.org/series/PPIACO .
The percent change from a year ago is really bad, as in 1974 bad, but hardly the "biggest gain on record", as you can plainly see.
