And now a word from George Carlin:
Posted on 01/12/2024 7:52:14 AM PST by ChicagoConservative27
Jan. 12 (UPI) — U.S. wholesale prices declined to end 2023 but was up overall for the year, according to Bureau of Labor Statistics data released Friday.
The Producer Price Index measure of wholesale inflation, seasonally adjusted, declined 0.1% for December and rose 1% for all of 2023 compared to 6.4% wholesale inflation for 2022.
The Bureau of Labor Statistics said the decline for December was driven by a 0.4% fall in goods prices.
The unadjusted index for final demand goods fell 0.4% in December, the third consecutive decline, according to the BLS.
(Excerpt) Read more at breitbart.com ...
Are prices now going to decline to get us back where we were when President Trump was cheated out of his second term?
No, they just won't go up as fast.
“Wholesale inflation fell 0.1% in December...”
Someone should tell my grocer.
Guess I needed a “/s” or “jk” tag, didn’t I?
No kidding-—or the restaurants. Eating out used to be common place for all-—now it’s more of a “upper middle” class than can afford to eat out.
Consumers don’t have confidence in Joe’s economy. Deinflation next?
Carlin nailed a lot decades ago about where this country was headed.
A nice restaurant you used to be able to be out the door at $125-$150 for 2, now it is well over $200 with drinks. So even people who can afford it are scaling back. I suspect we'll see an impact on the Restaurant Industry is some way.
Audit the BLS figures — first chance you get.
That’s just one tiny piece of the inflation puzzle. Looks like general inflation will rise again soon. Another rate raise would not be a surprise but the situation is fluid due to so many possible inputs and influences, including armed conflicts.
Wholesale prices paid by companies decline slightly but wages are up, and that alone could flip that inflation number positive.
Americans continue to feel the pain of inflation amidst stagnant wage growth.
Yep. Took my son out for dinner last week. One shared appetizer, two beers, and two Beef Tenderloin entrees. With tip, $215. It used to be a regular thing for us when you could get two out the door for $75 - $80. Now it’s maybe four times a year. The restaurants have to be hurting.
It’s gotten SO bad in the past five years. It’s going to get a LOT worse, too, with this horrendous, out-of-control, fiscally irresponsible federal government.
I spent the last 45 years scrimping and saving to make it to retirement and all my planning was predicated on annual inflation below 4% just as it’s been post-Reagan through Trump.
Paying people FIVE TRILLION DOLLARS to sit on their asses for two years and produce nothing really screwed the whole country.
We are going to be paying that COVID price for a LONG time.
Annualized Bidenflation hits 5.7%, nearly double the CPI
Core prices stubborn at 3.9%
Real wages lag 2.5% since Biden took office
LOL...who ARE those 34%?? Who the hell is “better off”? Maybe the new freeloaders who went on the dole the moment they snuck into the USA?
“Here, Jose and Maria...your new phone, your new EBT card, your new apartment, your free health care, your SNAP payments. Are you better off than you were in the old country?”
Those are hard core Rats
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