Posted on 08/11/2023 5:41:05 AM PDT by ChicagoConservative27
A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing.
The producer price index, which gauges the costs that goods and services producers receive for their products as opposed to those that consumers pay, rose 0.3% for the month, the Bureau of Labor Statistics reported Friday.
Excluding food and energy, core PPI also increased 0.3%.
Economists surveyed by Dow Jones had been expecting an increase of 0.2% for both readings. Excluding food, energy and trade services, PPI increased 0.2%.
(Excerpt) Read more at cnbc.com ...
0.3% ? I must be on a different planet …..
The increase was .3% over the total of 3.0%
The increases are cumulative meaning added together the increase is 6+% over the number year before last
By writing about the small number the larger problem was concealed
Sounds like the cranky old pedophile has inflation on the rise again! Bidenskyyyyynomics!
The administration seems to be making the counter-claim that "prices are dropping". Hmmmmmmmmmmm. Perhaps the administration is not wholly honest.
They're back to "unexpectedly."
"Recent trends" = the BS the MSM and Wall St. has been shoveling. Actual inflation has been on nothing but an upward trajectory. All inputs are climbing - fuel, labor, raw goods.
Ain’t Bidenomics great!
Building Back Better ….. biden’s campaign slogan
Means destroying, first.
zer0 continued
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