Posted on 02/15/2022 7:21:12 AM PST by Red Badger
Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy
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WASHINGTON -- Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy.
The Labor Department said Tuesday that its producer price index — which measures inflation before it reaches consumers — jumped 1% from December. The year-over-year increase was down from the record 9.8% recorded in both November and December but was well above what economists had been expecting.
Excluding volatile food and energy prices, wholesale inflation rose 0.8% from December and 8.3% from January 2021.
Last week, the government reported that inflation at the consumer level soared over the past year at its highest rate in four decades, squeezing households, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates. The 7.5% price surge ranged across the economy, from food and furniture to apartment rents, airline fares and electricity.
(Excerpt) Read more at abcnews.go.com ...
“Excluding volatile food and energy prices”
And what happens if they are added in?
Stolen elections suck.
That’s a transitory 9.7 percent increase.
Transitory.
Oh, but our fears have declined
https://freerepublic.com/focus/f-news/4038506/posts
/s
They’re full on flooding us with BS.
100 years is ‘transitory’..................
This is after the rats got away with removing gas and food from the calculation. So we are looking at a 12% tax imposed by these bastards.
Stolen elections have consequences.
13.7% (+/-)
😢🤔😒🤢..................................
It would likely be higher than the record set in the early 1980s. I was listening to a podcast that said when the number was 7.5% that if CPI were calculated the same as it was in 1980, we would be over the 13.5% level we had then.
Urban centers full of idiots are taking the rest of us down with them.
“Excluding volatile food and energy prices” ...
and anything else you might have to buy, the inflation rate for Valentine’s Day cards has remained remarkably stable.
Unfortunately, we are seeing that.
So the real problem is we just need to remove more things from CPI. Right? Right?
I am surprised that hasn’t been done yet to make our economy “stable”.
Thanks for the actual number.
Correct. America is transitioning to Venezuela.
Something is wrong with the math. When meat and other foods are costing three times what they should, Gas is double what it should be, then 7.5% retail cannot be correct.
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