Wholesale prices measure rises 9.6% in November from a year ago, the fastest pace on record

CNBC ^ | 12/14/21 | Jeff Cox

[tatown]

Wholesale prices increased at their quickest pace ever in November in the latest sign that the inflation pressures bedeviling the economy are still present, the Labor Department reported Tuesday.

The producer price index for final demand products increased 9.6% over the previous 12 months after rising another 0.8% in November. Economists had been looking for an annual gain of 9.2%, according to FactSet.

[tatown]

Lets go Brandon!

[BenLurkin]

Hidden tax. Lower income persons hurt the most.

[rktman]

Lucky thing we can afford it. Right cnbc? Or msnbc. Or whichever economic x-spurt made that declaration.

[eyeamok]

but they are saying this is the sign of a booming economy...Get ready to add Zeroes kids

[brownsfan]

Wait until Manchin folds and they pass the spend-a-thon! That will help. /s

[Leaning Right]

[Sacajaweau]

Beef prices are out of sight. If they think they can make me a vegan...they’re fooling themselves. I will gladly give up avocados and mushrooms for a nice steak.

[1Old Pro]

Hidden tax. Lower income persons hurt the most.

And seniors on a fixed income, which is most of them. 2022 will be a bloodbath which is why they want to destroy the country with the BBB boondoggle.

[CatOwner]

Hidden tax. Lower income persons hurt the most.

And a great many will beg the government to help them out. You can't fix stupid at the ballot box anymore.

[Leep]

Brandon is going for the
..gold is not the right word..big turd is closer what he’s grabbing.

[Diana in Wisconsin]

INFLATION/FED – FLASH (Dec 10): Worst Inflation Since Harry Truman Was President -- Consistent with the Methodologies of Pre-1980 Headline CPI Reporting, the November 2021 ShadowStats Alternate CPI Annual Inflation at 14.9% Was the Worst CPI Reading Since 17.6% in June 1947, Just Topping the 14.8% Peak of March 1980

http://www.shadowstats.com/

[JonPreston]

[blam]

US Producer Prices Explode To Record High In November (And There's Worse To Come)

After CPI's rise last week (which was somehow briefly seen as 'good' news because it was lower than a wild whisper number), Producer Prices tore up the narrative this morning printing a record breaking 9.6% YoY rise (smashing expectations of +9.2% and well above the +8.6% YoY print for October)....

[House Atreides]

Hey! It’s OK… wages are going up at a 3% annual rate.

Let’s go, Brandon.

[Bon of Babble]

You can be sure inflation is rising much higher and faster than what the likes of CNBC is reporting.

According to Shadow Stats:

INFLATION/FED – FLASH (Dec 10): Worst Inflation Since Harry Truman Was President -- Consistent with the Methodologies of Pre-1980 Headline CPI Reporting, the November 2021 ShadowStats Alternate CPI Annual Inflation at 14.9% Was the Worst CPI Reading Since 17.6% in June 1947, Just Topping the 14.8% Peak of March 1980.

In general terms, methodological shifts in government reporting have depressed reported inflation, moving the concept of the CPI away from being a measure of the cost of living needed to maintain a constant standard of living.

http://www.shadowstats.com/alternate_data/inflation-charts

[Uncle Miltie]

“Wholesale prices increased at their quickest pace ever in November in the latest sign that the inflation pressures bedeviling the economy are still present”

“Still present”?

More like “On a rocket ship to the moon”.

[Diana in Wisconsin]

I'm keeping mine 'on the hoof' until March, and I may grow him out a bit bigger than normal, just to get the PPP down a bit. 'Weber' is in the garden, in the rain, right where he's NOT supposed to be, as usual! (Black Angus/ Holstien cross - someone jumped the fence, so I got him for FREE from the dairy, next farm over.)

[Bon of Babble]

As usual, the government and media are lying to the American people.

Shadow Stats reports:

The Inflation Surge Reflects Extreme Money Supply Creation, Extreme Federal Deficit Spending and Federal Debt Expansion, Pandemic Disruptions and Supply Shortages; It Does Not Reflect an Overheating Economy

But then you already knew that.

http://www.shadowstats.com/

[Westbrook]

That’s what happens when you flood the money supply with trillions of zero-value dollars.

[Leaning Right]

> And a great many will beg the government to help them out. <

Right you are. The proper response here would be anger. And demand that the Democrats roll back their harmful policies. But too many folks will just ask for more government cheese (so to speak).