Posted on 06/15/2021 11:02:13 PM PDT by knighthawk
Wholesale prices in the U.S. increased at their fastest annual rate ever in May, driven by rising food prices, as soaring inflation threatens to derail the post-pandemic economic recovery.
The producer price index, which measures inflation pressure before it reaches consumers, rose 0.8 percent in May for an annual gain of 6.6 percent, the biggest jump since annual data was first compiled in 2010, the Labor Department said Tuesday.
The annual gain is somewhat skewed by a 'base effect' from last year's data, when prices plunged early in the pandemic, but nevertheless offers another worrying signal to consumers that their dollars won't stretch as far as they used to.
(Excerpt) Read more at dailymail.co.uk ...
“economic recovery”
LMAO
The bastards want to drive us all into the ground.
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Notice this rise is showing no sign of reaching its peak. I'm predicting the highest inflation rate of the Dollar in living memory. Turn your liquid assets into something else while it still has value.
It won't get this bad but I'm predicting 35% annual inflation based on the increase in the money supply.
A clever protest, a tree adorned with the worthless currency. Remember all those leftest who couldn't wait to get their picture taken with Chavez? This is their harvest!
threatens economic recovery, what a load of crap
Time to go up in the attic and pull out those old WIN (Whip Inflation Now) buttons because Bidet and the mass media morons are gonna say inflation is our fault...
35% inflation? I guess I will have to stop living.
In the annuals of history hyperinflation accelerates as the people start trusting the currency less and less. Lenin exploited the damage inflation caused to wipe out wealth in Russia so his revolution would have less opposition. The first 7 years of the Soviet Union had hyperinflation. Seeing as how we are now at the beginning of another Communist Revolution that is something to keep in mind.
See how easy it is for Biden to set new economic records!
Trump got nothing on Potatus Joe!
He can make numbers do things too!
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