Lumber prices up more than 350 percent, according to new analysis

The sticker shock on a wide variety of goods supports the inflation prediction. Perhaps the biggest jump we have seen is the price of lumber.

A new analysis shows just how inflated prices are right now.

Ag Web reports:

Prices are up more than 350 percent from this time a year ago
There has been a 70 percent jump this year alone
Those prices are not trickling down to producers, according to price reporting service Timber Mart South
The market is hyper-local right now
Stumpage prices across the south are about 2.5 percent higher, but in southern Georgia, stumpage is up 12 percent

Now the big question is why are prices so high? From a broad perspective, supply and demand, but labor shortage and wet weather are also factors.