Posted on 01/13/2022 6:20:18 AM PST by Browns Ultra Fan
Yesterday’s inflation report was the worst in 40 years. But at least today’s Producer Price Index Final Demand is down slightly from November. But PPI Final Demand YoY is still roaring at 9.7%.
The producer price index for final demand increased 0.2% from the prior month and 9.7% from a year earlier, Labor Department data showed Thursday. The annual advance was the largest in figures back to 2010.
Excluding the volatile food and energy components, the PPI climbed 0.5% in December and was up 8.3% from a year earlier.
Too much Federal government spending, too much Fed monetary stimulus, Omicron helping created labor shortages, etc. But the real killer has been ENERGY prices. Note that natural gas, gasoline and WTI crude oil were falling in November/December helping to slow PPI growth by a smidge. BUT energy prices are skyrocketing in January. So … look for higher PPI in January.
Here is the painting by Thomas Hart Benton that drove “Brokeback Biden” to try to destroy fossil fuel production. Or at least this is Washington DC’s idea of what Oklahoma and Texas are like.
(Excerpt) Read more at confoundedinterest.net ...
You know Inflation is BAD when they start Cherry Picking months to report.
That is BS if you did not notice.
Inflation’s probably closer to 15%.
There’s also no Paul Volker this time, so it will continue in perpetuity.
What we are currently experiencing has never been remotely seen in American history. This is a one of a kind form of social, intellectual and governmental tyranny that shatters the record books. This is the Uniparty, owned and controlled by a corporate cartel that has barred it’s fascist teeth and is coming at US. They are bringing the fight, will we gird our loins and resist as if our lives depend on it?
If a Republican were in office, this would be 24/7 screaming national news with pundits excoriating the party in office for "destroying American families" that can "ill afford surging prices."
As it is, we've got the likes of Jen Psaki covering up and making excuses for Biden while the evil msm eat it all up.
From thread yesterday, if you take any number posted by the Government (inflation, unemployment, etc.) and multiply by 1.6 you get closer to reality
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