Posted on 01/13/2022 6:42:53 AM PST by Red Badger
Wholesale prices rose at the fastest pace on record in December, the latest evidence that inflationary pressures are continuing to plague the U.S. economy.
The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, surged 9.7% in December from the year-ago period. It marked the highest figure on record since the government began tracking the data in 2010.
Still, there are some signs that inflation could be decelerating: On a monthly basis, prices rose just 0.2% in December following a revised gain of 1% in November. Economists surveyed by Refinitiv expected producer inflation to rise by 9.8% on an annual basis and 0.4% from the previous month.
Food prices declined 0.6% in December after climbing 1.2% in November, while energy prices dropped 3.3%, following a 2% gain the previous month.
(Excerpt) Read more at foxbusiness.com ...
LET’S GO BRANDON!
No wonder the fiery lunatic speech yesterday by our court jester Brandon! The crap is about to hit the fan! God help us.
Slowly killing us with his love. Sounds like a Carly Simon song except on a mass scale and substitute evil for love.
Roberta Flack....................
Don’t worry kids, we won’t run out of Money, they will print more as we need it. Thankfully I have a Tractor, so I won’t need a Wheelbarrow to go shopping.
Just another 0.3% and they can crack double-digit inflation. Yay!
Marketwatch Headline Now:
U.S. wholesale prices rose a scant 0.2% in December, and that’s a sign that inflation might be starting to ease
I am pretty sure the Feds were tracking this kind of data LONG BEFORE 2010.
They got plenty of experience under Jimmah Carter.
There is still another $2 trillion on the way. A lot of the Trump stimulus still has not been paid out. The Biden stimmi is almost all spent. But the infrastructure scam hasn’t even started to come out.
Plus…normal Fed spending.
Inflation is here for a while.
I have been telling everyone that this party is just getting started and you aint seen nothing yet, old people like me already know it, but the youngins literally don’t have a clue
The media describes the causes without mentioning Brandon. More deception.
THE ONLY REAL CAUSE OF INFLATION.......................
#BidenEffect
These people make “Helicopter Ben” look like a piker.
Its amazing how many people are delusional when it comes to low wage & compensation work.
As if that is where inflationary pressure is originating from.
They’re hopeless.
Here are the inflation stats for the last 15 years.
2021 4.7
2020 1.2
2019 1.8
2018 2.4
2017 2.1
2016 1.3
2015 .1
2014 1.6
2013 1.5
2012 2.1
2011 3.2
2010 1.6
2009 -.4
2008 3.8
2007 2.8
Here is another 15 year period.
1983 3.2
1982 6.2
1981 10.3
1980 13.5
1979 11.3
1978 7.6
1977 6.5
1976 5.8
1975 9.1
1974 11.0
1973 6.2
1972 3.2
1971 4.4
1970 5.7
1969 5.5
People are freaking out about inflation for a couple of reasons.
1) They’re feeling the cumulative effect of decades of inflation in real estate, education, health care, etc.
Some of the lower wage jobs can’t keep up with the inflation rate so those people have been feeling pain for some time.
2) All people hear & read about is inflation. So they parakeet those talking points.
The Feds are getting better at tweaking the formula to get the results they want. They were surprised, like in 2016 with Trump, by the overwhelming increase.
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