Posted on 07/14/2021 5:57:26 AM PDT by ChicagoConservative27
Prices received by U.S. businesses for goods and services rose by much more than expected in June, the Labor Department reported Tuesday.
The Producer Price Index rose 7.3 percent in June from 12 months earlier, the largest demand since 12-month data were first introduced in 2010. Compared with May, the index rose one percent. On average, this index rose by around 0.2 percent per month in the pre-pandemic Trump administration.
(Excerpt) Read more at breitbart.com ...
Any economist who didn’t expect inflation should quit and go live in the woods.
“Any economist who didn’t expect inflation should quit and go live in the woods.”
That’s pretty close to what I’d have said, but you said it better.
Unexpected expectedly....................
Can you say COLA...maybe Seniors will get a break.
Suicidal Democrats are so happy, are printing dollars and spending more!
Welcome Back Carter!
You put trillions in circulation that didn’t exist before, and you use a pandemic as an excuse to cut productivity by a lot and as a result of the economic forces of more money chasing fewer goods and services prices do what? - High school economics pop quiz question.
Economic problems and rising crime are huge campaign issues.
What about wokeness driving out white privilege and thereby eliminating the greed that causes people to charge high prices?
drink!
The only way to get rid of the constitution is to collapse the economy, and therefore the government.
The under 40 crowd is oblivious. Heck, they don’t even understand the basics of what’s going on. But they do know there are no mean tweets.
Irrational exuberance!
Campaign? Shoemah is busy figuring out how to ram HR1 through the Senate so that they can do whatever they want and no longer give a damn about elections.
Put differently/the voters focus is on crime and the economy. The democrats focus is on making sure the voters focus is worthless.
Now he has a 3.5 trillion bill he wants to push thru the reconciliation process. I think Manchin and Sinema will stop it.
The economists take a poll of chimps in the zoo and then announce the results as their “expectations”.
Economists are the chimps.
"The Producer Price Index rose 7.3 percent in June from 12 months earlier, the largest demand since 12-month data were first introduced in 2010.
Compared with May, the index rose one percent.
On average, this index rose by around 0.2 percent per month in the pre-pandemic Trump administration."
ChicagoConservative27 :" All be design. They love this. "
(My comment): this is about the "Producer Price Index" which is more reflective of anticipated price increases (Emphasis mine)
as opposed to retail price increase, which is more past history of what has happened to prices at the retail level.
Bottom line : Inflation will eat away at your savings through gradual increases; but at 7.3 % the increase will gobble it up, quickly.
Such a rise at the Producer level, at this rate, is totally unexpected.
This ain't like your parent's economy, no more !
How do you like your Socialism now ?
If Manchin and Sinema have any common sense, they will stop the crazy 3.5 trillion dollar “infrastructure” bill. Inflation is roaring; if they pass that craziness, it will be out of control with the senile “occupant” of the White House in charge.
Food & gasoline are NOT counted in Soc Sec COLA raises.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.