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Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy ====================================================================== WASHINGTON -- Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy. The Labor Department said Tuesday that its producer price index — which measures inflation before it reaches consumers — jumped 1% from December. The year-over-year increase was down from the record 9.8% recorded in both November and...

The Product Price Index (PPI) hit 9.7% in January. The expected number was 9.1%

Biden and The Fed have a seemingly never ending problem for Americans: Inflation. Today, the Final Demand Producer Price Index (PPI) printed at 9.7% YoY. Biden claimed inflation was caused by COVID. How about 1) Biden’s anti-fossil fuel policies combined with 2) excessive fiscal (Biden and Congress) and excessive monetary stimulus (Fed)? The Fed held its behind-closed-doors meeting on Monday, but nothing has been released about what they discussed. Suffice it to say, they have left the staggering monetary stimulus in play. I wonder if The Fed is concerned about a soft landing with proposed rate increases.

Wholesale prices rose at the fastest pace on record in December, the latest evidence that inflationary pressures are continuing to plague the U.S. economy. The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, surged 9.7% in December from the year-ago period. It marked the highest figure on record since the government began tracking the data in 2010. Still, there are some signs that inflation could be decelerating: On a monthly basis, prices rose just 0.2% in December following a revised gain of 1% in November. Economists surveyed by...

The core indexes for U.S. inflation just continue to soar to the moon, while the media behave like apostles for President Joe Biden’s leftist economic agenda and spin bad news in his favor. The Bureau of Labor Statistics reported at 8:30 a.m. that the Producer Price Index for final demand, which “measures costs” from the perspective of the industries that make products, skyrocketed a whopping 9.6 percent in November. CNBC said the PPI spiked at “the fastest pace on record.” The results beat economists’ expectations of a 9.2 percent increase, according to CNBC. This immediately follows the recent spike in...

The wholesale cost of U.S. goods and services rose modestly in July, but inflation more broadly appeared dead in the water and showed little sign it’s about to speed up. The producer price index increased 0.2% last month, matching the forecast of economists polled by ... Yet the pace of wholesale inflation over the past year was flat 1.7%. And more closely followed measure that strips out volatile food, energy and trade-margin costs fell for the first time in almost four years. The so-called core PPI dipped 0.1%. Wholesale prices rose 0.4% for goods, largely reflecting an increase in gasoline...

U.S. producer prices increased by the most in five months in March, but underlying wholesale inflation was tame. The Labor Department said on Thursday its producer price index for final demand rose 0.6 percent last month, lifted by a surge in the cost of gasoline. That was the largest increase since last October and followed a 0.1 percent gain in February. In the 12 months through March, the PPI rose 2.2 percent after advancing 1.9 percent in February. Economists polled by Reuters had forecast the PPI would climb 0.3 percent in March and increase 1.9 percent on a year-on-year basis....

U.S. producer prices unexpectedly fell in August, recording their first drop in 1-1/2 years, as declines in the prices of food and a range of trade services offset an increase in the cost of energy products. Despite the surprise weakness in producer prices reported by the Labor Department on Wednesday, overall inflation is steadily rising, driven by a tightening labor market and robust economy. The Federal Reserve is expected to raise interest rates later this month for the third time this year.

Certain acid blockers in a popular heartburn drug might actually increase the risk of premature death. As CBS2’s Dr. Max Gomez reports, there are three main types of heartburn drugs. Antacids, like Tums and Rolaids, are fine. So are older acid blockers called H-2 blockers, like Pepcid and Zantac. But the evidence keeps piling up that drugs called PPIs, like Nexium, Prevacid and Prilosec, might actually be risky. They are among the best-selling drugs in the country, with more than $10 billion spent annually on a class of acid blocking medications called Proton Pump Inhibitors, or PPIs. It almost seems...

(Reuters) - U.S. producer prices recorded their largest increase in nine months in March, but that jump will probably not ignite inflation pressures as economic growth remains moderate. The Labor Department said on Friday its seasonally adjusted producer price index for final demand increased 0.5 percent last month, after slipping 0.1 percent in February. The increase last month, which was the largest since June last year, reflected a surge in the prices of food and trade services. "Will inflation accelerate? Probably, but not rapidly," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. "Growing demand should stabilize...

Janet Yellen has been approved as Federal Reserve Chair by the US Senate Banking Panel. And the Philadelphia Fed Index plunged to 6.5 in November from 19.8 in October. Economists were expecting a read of 15. Philly Fed Nov More troubling in the Philadelphia Fed report is the decline in average employee workweek. Philly Fed Details Oct Of course, Janet Yellen being approved by the Senate Banking Panel has nothing to do with the Philly Fed Index plunge. Or does it? Yellen has been on the Bernanke QE team and we know that it has not been successful restoring life...

If you thought that it was frightening enough that the federal government was spying on you and had access to your personal information, get ready: Planned Parenthood is about to obtain access to your Social Security number, tax form, bank account, and medical records.With the advent of ObamaCare, consumers buying health insurance through health care exchanges will be required to speak to “navigators.” “Navigators” are supposed to help consumers find the best coverage and ascertain whether they are eligible for a federal subsidy. Any “navigator” will have access to the federal data hub, which holds information from the Department of...

According to the US Bureau of Labor Statistics, Consumer Price Index Data for March 2012, the Consumer Price Index for fresh vegetables purchased for home use rose 4.5 percent from the same time last year. Recent USDA data also shows that the price of grains such as corn, wheat, rice, and soybeans has increased 234% since January 2002...

FDA Drug Safety Communication: Clostridium difficile-associated diarrhea can be associated with stomach acid drugs known as proton pump inhibitors (PPIs)  Safety AnnouncementAdditional Information for Patients and ConsumersAdditional Information for Healthcare ProfessionalsData Summary (Tables) Safety Announcement [02-08-2012] The U.S. Food and Drug Administration (FDA) is informing the public that the use of stomach acid drugs known as proton pump inhibitors (PPIs) may be associated with an increased risk of Clostridium difficile–associated diarrhea (CDAD). A diagnosis of CDAD should be considered for patients taking PPIs who develop diarrhea that does not improve. .benefit { font-size: medium; font-weight: bold; color: #f9e4bb; }Patients should immediately...

<p>The number is out, and it's HOT!</p> <p>PPI hs jumped 0.8%, well above the 0.2% analysts had expected.</p> <p>Core PPI, which excludes food and energy, was only up 0.2%, which is still above the 0.1% that analysts had expected.</p> <p>The culprit? Blame food and energy.</p>

Companies paid higher prices for tobacco, pickup trucks and pharmaceuticals in July, driving underlying wholesale inflation up by the most in six months. This measure of inflation, which excludes volatile food and energy prices, is known as the core Producer Price Index. It rose 0.4 percent in July, the biggest increase since January. The overall PPI, which measures price changes in goods before they reach the consumer, rose 0.2 percent last month, the Labor Department said Wednesday. That follows a 0.4 percent drop in June, the first decline in 17 months. Gas prices fell for the second straight month. Food...

WASHINGTON (MarketWatch) — Producer prices rose 0.2% in July as a decline in energy costs didn’t immediately filter through the rest of the economy, according to government data released Wednesday. The Labor Department said prices rose on a seasonally adjusted basis in July as a surge from tobacco offset a decline in energy costs. Gasoline prices fell 2.8% while tobacco shot up 2.8%, the biggest gain in more than two years. The cost of light trucks, pharmaceuticals as well as beef and veal also played a role in the advance. Excluding food and energy, core PPI rose 0.4%, the largest...

WASHINGTON (Reuters) – Core U.S. producer prices recorded their largest fall in more than four years in October and industrial output was flat, underlining concerns at the Federal Reserve about low inflation amid moderate growth. Economists said the data supported the U.S. central bank's November 3 decision to ease monetary policy further even though the 0.6 percent drop in the core Producer Price Index largely reflected the annual introduction of new motor vehicle models. Stripping out the sharp declines in vehicle prices, core producer prices -- which exclude volatile food and energy costs -- would have risen by 0.2 percent,...

Friday, April 23, 2010 US Food Inflation Spiraling Out of Controlby Eric deCarbonnel PRnewswire reports that US Food Inflation Spiraling Out of Control.(emphasis mine)U.S. Food Inflation Spiraling Out of ControlFORT LEE, N.J., April 22 /PRNewswire/ -- The National Inflation Association today issued the following food inflation alert to its http://inflation.us members:The Bureau of Labor Statistics (BLS) today released their Producer Price Index (PPI) report for March 2010 and the latest numbers are shocking. Food prices for the month rose by 2.4%, its sixth consecutive monthly increase and the largest jump in over 26 years. NIA believes that a major breakout...

Hidden In The PPI Data Was The Largest Food Price Spike In 26 Years Vincent Fernando, CFA Apr. 22, 2010, 12:04 PM Food prices are volatile, but this move can't be ignored given its historical significance: Econompic: Excluding often-volatile food and energy prices, the core PPI increased 0.1% in March and is up 0.9% compared with a year earlier. The big story in the March PPI was wholesale food prices, which rose 2.4%, matching the biggest gain in 26 years. Prices of fresh and dried vegetables soared 49.3%, the most in 16 years. The PPI breakdown courtesy of Econompic below.