Posted on 03/15/2022 6:43:07 AM PDT by John W
Wholesale inflation in the United States shot up 10% last month from a year earlier — another sign that inflationary pressures remain intense at all levels of the economy.
The Labor Department said Tuesday that its producer price index — which tracks inflation before it hits consumers — rose 0.8% from January. The increases were in line with economists’ forecasts.
Wholesale energy prices were up 33.8% over the past year and food prices 13.7%.
The report did not include price changes after Feb. 15, missing a spike in energy prices when Russia invaded Ukraine nine days later.
(Excerpt) Read more at apnews.com ...
I wonder what creative number crunching they will use to keep from having to increase SS benefits by that much (or more) next year?
It’s patriotic to pay higher prices (extreme sarcasm).
Crude traded as low as $93 today, that’s way below the peak of $130.
apparently the media was lying when they claimed inflation was “transitory” ... hard to believe the media were lying, right? ... stolen elections have severe consequences
The rats got away with removing gas and food from the calculation for the first time in history. The real number is over 15%. MSM at its finest.
Transitory. Safe and Effective. Trump’s fault.
It was $60-$65 in the Fall of 2019, before Covid hit and suppressed demand. And the economy was humming right along.
It’s time to think about gardening.
We’re surviving on SS alone. However, our “investments” included going debt free. It means our cost of living, even with 32 acres, is roughly 1/4 of our SS benefits. But we keep it low by splitting a cow with a neighbor and having a local butcher cut it up for us, growing a garden, fruit trees, raising chickens, etc. There is also a lot of edible wild “produce” in our area. We have so much wild garlic in our 7 acre lawn that in the spring and fall it smells like I’m mowing a salad. Fortunately it’s dormant during the summer.
Thank you Brandon.
We also have several BOOKS on natural medicine as well as wild foods, as well as old school construction techniques. The idea is that if the internet goes down, we’re not left out in the cold on all this stuff.
10% is not the 100% increase they are now charging for about everything. There is absolutely some greedy opportunism happening here.
The Biden destruction of America continues unabated.
Poverty is joy, comrade!
During inflationary periods everybody accuses everyone else of greed.
What is actually happening is that all players are terrified about future inflation and are trying to price accordingly—it is a defensive strategy.
Still up nearly 100% from when Biden seized power.
That’s the glass half empty. I’m focusing on the glass half full.
I'm focusing on the fact that the glass is full of piss.
I always wanted something like that but with a big stream I could partially damn to do my own hydroelectric.
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.