Posted on 06/16/2021 8:31:07 AM PDT by JV3MRC
Spiking inflation seems to be the new normal under President Joe Biden’s administration, and the ABC, CBS and NBC evening news continue to protect him from negative coverage.
The Bureau of Labor Statistics (BLS) reported June 15 that the anticipated Producer Price Index (PPI) for final demand in May increased at a whopping 6.6 percent annual pace. The increase was “the largest increase since 12-month data were first calculated in November 2010,” according to BLS. On a monthly basis, the PPI increased at 0.8 percent in May. Fox Business reported that “[a]nalysts surveyed by Refinitiv had expected prices to increase 6.3% from a year ago and 0.6% month over month,” indicating the BLS data was worse than expected. The Wall Street Journal said the data added “to inflation pressures bubbling through the U.S. economy.”
Like insects to bug repellent, ABC’s World News Tonight, CBS Evening News and NBC Nightly News all ignored the story during their June 15 broadcasts. The behavior of the evening networks continued a pathetic track record of ignoring damning economic news that could undercut Biden’s agenda.
(Excerpt) Read more at newsbusters.org ...
Well, it’s certainly Unexpected.
Ministry of Truth does not want you to know about this.
> ABC, CBS and NBC evening news continue to protect him from negative coverage.
Unfortunately for Biden, people don’t need the networks to tell them about higher prices.
The media: “If we keep quiet, maybe they won’t notice.”
Sadly, a great number of Americans are too stupid to understand even if they notice.
“worse than expected” == unexpected
unexpected == drink
This may be the time to lay in extra stores (as if any of us were really waiting).
The math is odd here.
0.8*12 is 9.6.
6.6/12 is .55
Are PPI, and PPI Final Demand calculated differently?
I stopped depending on the big 3 and their cable spin-offs decades ago.
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