Posted on 03/15/2022 4:31:29 PM PDT by ConservativeInPA
On March 15, the Bureau of Labor Statistics released its latest report tracking the Producer Price Index (PPI), which “measures the average change over time in the selling prices received by domestic producers for their output.”
According to the report, “Prices for final demand goods jumped 2.4% in February, the largest advance since data were first calculated in December 2009.” Moreover, as the report notes, “final demand prices moved up 10.0% for the 12 months ended in February.”
Obviously, this is not good news for American consumers, who will inevitably bear the brunt of these price hikes. Just last week, the Consumer Price Index (CPI) showed that inflation is already at a 40-year high of 7.9%. Based on the latest PPI report, inflation is not likely to decline anytime soon. In fact, it is almost assuredly going to increase even more, seeing as how the PPI report is a leading indicator of the CPI.
(Excerpt) Read more at washingtontimes.com ...
Let's Go Brandon!
This administration is setting new records every month!
Let’s Go, Brandon!
Even so, normalcy bias floods the globe. But it unmistakable that It’s all over except for the wailing. Horrors once unimaginable are unfolding. Deprivation and death will mark these days.
I saw an article this morning that indicated Social Security is already expecting one of the largest COLAs in history for 2023 — in the range, currently, of 7.9%.
Ot won’t be enough.
Those that depend on Social Security are currently getting screwed. They have to live through increased prices based on their last COLA, which didn't meet real inflation. They have to live with that for all of 2022 as price of goods go up each month. If the next increase is only 7.9% it doesn't make up for the past year and doesn't even come close to the inflation we will have in 2023.
Ya and then they’ll increase medicare. So it wont mean nothing.
And 7.9 isnt going to do much with actual inflation at just about 20%
Read that as ACTUAL inflation.
The second leg of the Stool of the Apocalypse is looming food famines due to no fertilizer. The third leg of the Stool is the unimaginable amount of bad debt that is floating around the world. If a large fraction of that gets repudiated (e.g. Russia) the entire Western banking system collapses. Except it won’t because central banks will go into overdrive, printing fiat to paper over the deflation.
NOT that they aren’t doing this already. . . . . .
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