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Wholesale Inflation Rose at Record Annual Rate of 9.6% in November
US News & World Report ^ | December 14, 2021 | Tim Smart

Posted on 12/14/2021 7:41:30 AM PST by John W

The inflation picture does not get any prettier, as the Labor Department reported on Tuesday that producer prices rose at a record pace in November.

The 0.8% monthly increase was above expectations of a 0.5% increase. The 9.6% annual rate of increase was the highest for the series dating back to 2010 and above forecasts for a 9.2% rise.

The reading on wholesale prices follows last week’s measure of consumer inflation that showed prices rose at an annual rate of 6.8% last month, the fastest pace in nearly 40 years.

(Excerpt) Read more at usnews.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: inflation; wholesaleinflation; wholesaleprices

1 posted on 12/14/2021 7:41:30 AM PST by John W
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To: John W

More like 11%.


2 posted on 12/14/2021 7:42:40 AM PST by carriage_hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: John W

The comparisons to old inflation numbers has no value unless they recalculate using the old index methods.


3 posted on 12/14/2021 7:47:27 AM PST by toast
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To: John W
Went to the local supermarket and checked out the prices for beef. Whatever they had out, which was not much, was pretty pricey per pound. I understand they do not want to put much out because if it sits too long it becomes the "manager's special" and they lose money.

Compare the prices and amount of meat available just a year ago (or any product for that matter) and you cannot get away from the basic fact that Diapers is responsible.

4 posted on 12/14/2021 7:50:53 AM PST by frogjerk (I will not do business with fascists)
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To: John W

The Dems are so disciplined in their messaging. Debbie Dingbat was on Maria, (FBN), this morning, and in spite of constant questioning, and even a wide eyed look of incredulity from Maria, Dingbat stuck to her message.

Inflation is going down.
The economy is doing well because of Biden policies.
Because of Biden’s great policies, wages are up and will go way up!
The spend-a-thon will help Americans and cost nothing.
The SALT giveaway to the rich is a “compromise” and compromise is not a dirty word.

It was revolting to listen to the stupid cow, and even more revolting to know she’ll spread that message on the liberal outlets, and the stupid public will eat it up.


5 posted on 12/14/2021 7:51:25 AM PST by brownsfan (It's going to take real, serious, hard times to wake the American public.)
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To: John W

The Dementia Joe rush to the Venezuela economic model continues unabated.


6 posted on 12/14/2021 7:55:44 AM PST by SmokingJoe
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To: John W

Congress can’t wait to print more money so they can get the inflation rate up to the 50% mark.


7 posted on 12/14/2021 8:09:39 AM PST by Rodm
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To: John W

I am sure Peppermint Psaki will try to somehow say that this is a good thing....


8 posted on 12/14/2021 9:07:16 AM PST by thepatriot1 (...brought to you courtesy of the Red, White and Blue)
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To: John W

Who makes these lies, I mean statistics? Doubling these stats would be a good start.


9 posted on 12/14/2021 9:14:48 AM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: John W

I remember Carter and inflation, gas lines and mortgage rates of 17%...

It wasn’t pretty then and it won’t be pretty now.


10 posted on 12/14/2021 9:19:43 AM PST by GOPJ (Public Schools: Cease and desist teaching the merits of Mein Kampt and/or the Communist Manifesto. )
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To: SmokingJoe

After thugs took over Valenzuela they passed bills giving everyone the crap they had promised... Money for all - soak the rich.

Free everything...

Then came hyperinflation that bankrupted everyone. And people were eating zoo animal to stay alive.


11 posted on 12/14/2021 9:22:49 AM PST by GOPJ (Public Schools: Cease and desist teaching the merits of Mein Kampt and/or the Communist Manifesto. )
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To: John W

Hi.

Estados Unidos se está convirtiendo en Venezuela.

5.56mm


12 posted on 12/14/2021 9:28:20 AM PST by M Kehoe (Quid Pro Joe and the Ho need to go.)
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To: M Kehoe

Oops, wrong thread...

Maybe not.

5.56mm


13 posted on 12/14/2021 9:29:32 AM PST by M Kehoe (Quid Pro Joe and the Ho need to go.)
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To: John W

A Christmas present from the Biden Regime.


14 posted on 12/14/2021 9:35:19 AM PST by Parley Baer (go trump )
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To: John W

Are folks in other states seeing the massive increase in home owners insurance ?
Florida here: went from $2500 to $3500 at one year renewal.
Is this the case across the company or has bidet found a way to cause this only to happen in red states ?


15 posted on 12/14/2021 9:44:48 AM PST by George from New England
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To: John W

16 posted on 12/14/2021 9:56:07 AM PST by BradtotheBone (When I die I want the GOP to be my Pallbearers, so they can let me down one last time.)
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To: George from New England

I was just in FL looking at houses, and the explanation I was given was that the Fed Govt subsidized insurance in FL for decades and they are now phasing towards ending the subsidy. In short, it costs too much to rebuild after a hurricane, so the long term goal is to get homeowners to foot the entire bill which could be around $30K/year.


17 posted on 12/14/2021 9:59:20 AM PST by RainMan (Democrats ... making war against America since April 12, 1861)
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