Wholesale prices rose 0.4% in September, more than expected as inflation persists

CNBC vis MSN ^ | October 12, 2022 | Jeff Cox

[ConservativeInPA]

Wholesale prices rose more than expected in September despite Federal Reserve efforts to control inflation, according to a report Wednesday from the Bureau of Labor Statistics.

The producer price index, a measure of prices that U.S. businesses get for the goods and services they produce, increased 0.4% for the month, compared to the Dow Jones estimate for a 0.2% gain. On a 12-month basis, PPI rose 8.5%, which was a slight deceleration from the 8.7% in August.

[ConservativeInPA]

Two times of what was predicted. Worse yet, this is sticky inflation.

[Fai Mao]

Thanks Joe.

[mikelets456]

From a “slightly” President...

[srmanuel]

They are talking about this on Steve Bannon’s War Room this morning, additionally they announced Intel is about to announce major layoffs, the other foot of a collapsing economy combined with inflation is showing up.

[Obadiah]

Unexpected

[hanamizu]

Thanks Joe.

---

Hey, it’s up, but ‘just an inch’.

[pas]

All Putin’s fault.

[RoosterRedux]

Joe was heard to respond, “So what, most people don’t buy wholesale...just Jews in NYC, whose friends don’t let them buy retail.”

[mikelets456]

Hey, it’s up, but ‘just an inch’.
____________________________________________________________

If it’s up for 4 hours or more...seek the truth immediately.

[Sacajaweau]

what a joke that was.......

[lowbridge]

“More than expected”

Well, it’s a nice variation of the usual “unexpected”.

[TomGuy]

Not to worry. As soon as that Inflation Reduction Act kicks in ...

[/s]