Posted on 05/12/2022 11:55:36 AM PDT by Red Badger
Wholesale inflation remained painfully high at 11% in April, report Thursday said
It was a slight decrease from the 11.5% rate in March but still near record highs
Soaring food costs are helping drive inflation at the wholesale level
Food products for final demand rose 16.3% in April from a year ago
Wholesale inflation in the US soared 11 percent in April from a year earlier, a hefty gain that indicates high inflation will continue drag down consumers and businesses in the months ahead.
The Labor Department said Thursday that its producer price index - which measures inflation before it reaches consumers - climbed 0.5 percent in April from March. That is a slowdown from the previous month, however, when it jumped 1.6 percent.
The 11 percent year-over-year increase in April is a slight decline from the 11.5 percent annual gain in March, which was the biggest increase since records began in 2010.
Still, the April figure represents a painfully high increase, and stock index futures traded down on Wednesday as inflation fears continued to weigh on Wall Street.
Thursday's report showed a broad-based rise in the cost of food at the wholesale level, with grains up 41.3 percent from a year ago as Russia's war in Ukraine raises world prices. Both Russia and Ukraine are major grain producers.
The cost of eggs skyrocketed 161.3 percent, driven up by a bird flu outbreak that has killed 10 percent of chickens in the US. Processed young chickens were up 24.1 percent from a year ago.
Fresh vegetables were up 45.7 percent and fresh fruit rose 17.3 percent.
(Excerpt) Read more at dailymail.co.uk ...
Going to say that over the last 18 months, most stuff is up 100% or more.
Walking down my local meat aisle, I can’t believe how much prices have jumped since just even last fall. The rack of ribs I was buying last fall at $12-15 is now $20-23.
Getriddadabum!
Good thing my chickens are still laying good. I did buy an extra 900 lbs of egg maker before prices went up. At least in the summer they are turning bugs into eggs.
That JOE BIDEN WAR on the border of Russia, is NOT the cause of all of this. He had to work hard to reach these numbers.
How much higher for how much longer?
eggs are up due to the avian flu. that will change in a bout 6 weeks and they will go back to mostly normal prices.
I got an egg lady.
Farm fresh eggs for almost half what they are in the stores.
Stolen elections being strictly enforced.
We have a neighbor down the road with a bunch of old breed free range hens. Between the weed and grass seed, bugs, and plenty of exercise, some of the best flavored eggs I’ve ever had. Factory farm eggs don’t stand a chance.
But Josef Stolen claims TRUMP caused all this inflation!
8.5% inflation? Yeah right.
The dems will soon make backyard gardens and chicken coops illegal. For “your safety”.
Until and unless fuel prices go back down.
some will depend on if the seats are filled by mostly fighters or mostly dolittle GOPe/RINOs.
Come on, who’s fault is it now? Come up with a name quick because no one is buying the “Trump, maga and Putin’s” fault anymore
If you repeat a lie often enough, it will eventually become the truth............Goebbels............
The MSM is compliantly making it the ‘truth’.............
I would say the average inflation for the year is AT LEAST 50% or more.
Gas is double, everything in the store is way higher, and when it’s not higher it’s smaller.
I bought a box of something the other day - half the box was packaging and air.
Bacon will be $5/lb on Friday at the northern Calif. Safeways. Club membership required I believe. Me waiting for $4 is over for good.
I have a new Natural Grocer in my neighborhood. Excellent organic food, very high quality and prices to match. Was buying their $5.25 per dozen pasture-raised eggs for more than a year. Then they signed up a new producer and we can get terrific eggs with gorgeous golden yolks for $1.95. I asked an employee how they did that. “Because the stores are owned by a family and they want to be sure other families can afford quality food.”
Amazing. I still buy their terrific and competitively priced organic fresh veggies. Plus all my nutritional supplements there. And refill my water bottles with their filtered water. Was 25 cents per gallon, went up to 50. Wow! Water in our town is horrible, don’t. even let my cat drink it.
You can look up water in your town at EWG.org.
Environmental Working Group tests produce too, publishes a list of The Dirty Dozen, which need to be organic, and The Clean Fifteen, which do not. They also test cosmetics. I send them a little contribution every year, but you don’t have to. Their lists are free.
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