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Wholesale inflation unexpectedly jumps again to highest level in a year
foxbusiness ^
| 05/14/2024
| Megan Henney
Posted on 05/14/2024 6:04:08 AM PDT by ChicagoConservative27
Inflation at the wholesale level rose much more than expected in April, the latest sign that price pressures within the economy remain elevated and difficult to tame.
The Labor Department said Tuesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, rose 0.5% in April from the previous month. On an annual basis, prices remain up 2.2% — the highest level since April 2023.
While the monthly gain is notably higher than the 0.2% increase forecast by LSEG economists, the headline figure is in line with expectations.
(Excerpt) Read more at foxbusiness.com ...
TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: economy; highest; inflation; level; wholesale
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Does word salad Yellen know about this???
To: ChicagoConservative27
2
posted on
05/14/2024 6:05:44 AM PDT
by
goodnesswins
(Climate cultists think we should go back to the good times when people starved)
To: ChicagoConservative27
Double the increase is inline with expectations?
3
posted on
05/14/2024 6:06:54 AM PDT
by
wiseprince
(Me)
To: ChicagoConservative27
The wealthy are the least impacted...
4
posted on
05/14/2024 6:08:29 AM PDT
by
TheDon
(Resist the usurpers! Remember the J6 political prisoners!)
To: goodnesswins
5
posted on
05/14/2024 6:13:16 AM PDT
by
fwdude
( )
To: ChicagoConservative27
6
posted on
05/14/2024 6:15:29 AM PDT
by
gunnut
To: ChicagoConservative27
Energy Secretary Jennifer Granholm must be having laughing fits over this news.
7
posted on
05/14/2024 6:16:00 AM PDT
by
fwdude
( )
To: ChicagoConservative27
Unexpectedly? How does one quantify inflation ahead of time?
8
posted on
05/14/2024 6:21:19 AM PDT
by
ComputerGuy
(Heavily-medicated for your protection)
To: ChicagoConservative27
And the Stock market is only up bythe approximate amount of inflation in real terms
9
posted on
05/14/2024 6:21:36 AM PDT
by
Fai Mao
( Starve the Beast and steal its food.)
To: goodnesswins
10
posted on
05/14/2024 6:22:37 AM PDT
by
Nervous Tick
("First the Saturday people, then the Sunday people...": ISLAM is the problem!)
To: ChicagoConservative27
price pressures within the economy remain elevated and difficult to tame.
Or, a traitorous Fed won't continue to do the obvious thing and raise interest rates enough to stop the inflation.
11
posted on
05/14/2024 6:25:21 AM PDT
by
Vision
(Woke is communism and it has no place in America. Election Reform Now! Obama is an evildoer.)
To: ChicagoConservative27
It’s higher than that. Liars.
12
posted on
05/14/2024 6:25:27 AM PDT
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: ComputerGuy
The term “unexpectedly” is used often when bad economic news for Democrats is released. Beelzebub Biden’s gas lighting on the economy is falling on deaf ears.
To: ChicagoConservative27
INFLATION without repre$entation
14
posted on
05/14/2024 6:29:32 AM PDT
by
PGalt
(Past peak civilization?)
To: wiseprince
“Double the increase is inline with expectations?”
__________________________________________
IKR?!!
I guess that means that everything’s alright, DO NOT WORRY PEOPLE, you only have to eat, fuel up your car/home, and pay your bills.
ALL good, we’re in line with expectations!
what moroons!
15
posted on
05/14/2024 6:30:10 AM PDT
by
bantam
To: TheDon
Didn’t Biden say not to worry about higher food prices because the people still have ‘money to spend’?
16
posted on
05/14/2024 6:32:00 AM PDT
by
GOPJ
( MSNBC ghouls pretend their 'base' is elites - it's why Biden won't campaign in the black community.)
To: goodnesswins
17
posted on
05/14/2024 6:32:17 AM PDT
by
dfwgator
(Endut! Hoch Hech!)
To: ChicagoConservative27
Price levels are not inflation. Inflation is an expansion of the money supply beyond any increase in productivity. Prices are only a symptom of inflation. Grrrrr.
To: ChicagoConservative27
I’ll don’t know. I’ll place a call to Hobbiton and let you know what she says
19
posted on
05/14/2024 6:35:05 AM PDT
by
j.havenfarm
(23 years on Free Republic, 12/10/23! More than 8,000 replies and still not shutting up!)
To: ChicagoConservative27
“inflation at the wholesale level before it reaches consumers, rose 0.5% in April from the previous month.”
Multiply that monthly increase of 0.5% by 12 months and you get a solid 6.0% annual inflation rate at the current speed.
That’s pretty huge.
20
posted on
05/14/2024 6:38:27 AM PDT
by
Uncle Miltie
(Biden <3 Hamas!)
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