Wholesale prices jump 6.6% in the fastest rise on record as soaring inflation threatens economic recovery...Thanks, Biden!

The Purge

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Aug 16, 2018
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Wholesale prices in the U.S. increased at their fastest annual rate ever in May, driven by rising food prices, as soaring inflation threatens to derail the post-pandemic economic recovery.

The producer price index, which measures inflation pressure before it reaches consumers, rose 0.8 percent in May for an annual gain of 6.6 percent, the biggest jump since annual data was first compiled in 2010, the Labor Department said Tuesday.

The annual gain is somewhat skewed by a 'base effect' from last year's data, when prices plunged early in the pandemic, but nevertheless offers another worrying signal to consumers that their dollars won't stretch as far as they used to.

(Excerpt) Read more at dailymail.co.uk ...

Xiden's “economic recovery”

LMAO

The bastards want to drive us all into the ground.
 
Wholesale prices in the U.S. increased at their fastest annual rate ever in May, driven by rising food prices, as soaring inflation threatens to derail the post-pandemic economic recovery.

The producer price index, which measures inflation pressure before it reaches consumers, rose 0.8 percent in May for an annual gain of 6.6 percent, the biggest jump since annual data was first compiled in 2010, the Labor Department said Tuesday.

The annual gain is somewhat skewed by a 'base effect' from last year's data, when prices plunged early in the pandemic, but nevertheless offers another worrying signal to consumers that their dollars won't stretch as far as they used to.

(Excerpt) Read more at dailymail.co.uk ...

Xiden's “economic recovery”

LMAO

The bastards want to drive us all into the ground.
This was the whole point of the spending

It had nothing to do with helping Covid victims or the economy etc.

And they will blame Trump in the end even after Biden spends quadrillions of dollars.

With the help of the media, the public will believe them.
 
Wholesale prices in the U.S. increased at their fastest annual rate ever in May, driven by rising food prices, as soaring inflation threatens to derail the post-pandemic economic recovery.

The producer price index, which measures inflation pressure before it reaches consumers, rose 0.8 percent in May for an annual gain of 6.6 percent, the biggest jump since annual data was first compiled in 2010, the Labor Department said Tuesday.

The annual gain is somewhat skewed by a 'base effect' from last year's data, when prices plunged early in the pandemic, but nevertheless offers another worrying signal to consumers that their dollars won't stretch as far as they used to.

(Excerpt) Read more at dailymail.co.uk ...

Xiden's “economic recovery”

LMAO

The bastards want to drive us all into the ground.
Thanks, right wingers for alleging the pandemic is a Hoax.
 
Wholesale prices in the U.S. increased at their fastest annual rate ever in May, driven by rising food prices, as soaring inflation threatens to derail the post-pandemic economic recovery.

The producer price index, which measures inflation pressure before it reaches consumers, rose 0.8 percent in May for an annual gain of 6.6 percent, the biggest jump since annual data was first compiled in 2010, the Labor Department said Tuesday.

The annual gain is somewhat skewed by a 'base effect' from last year's data, when prices plunged early in the pandemic, but nevertheless offers another worrying signal to consumers that their dollars won't stretch as far as they used to.

(Excerpt) Read more at dailymail.co.uk ...

Xiden's “economic recovery”

LMAO

The bastards want to drive us all into the ground.
Thanks, right wingers for alleging the pandemic is a Hoax.
You mean the biological weapon produced by the Fauci supported Chinese lab?
 
Wholesale prices in the U.S. increased at their fastest annual rate ever in May, driven by rising food prices, as soaring inflation threatens to derail the post-pandemic economic recovery.

The producer price index, which measures inflation pressure before it reaches consumers, rose 0.8 percent in May for an annual gain of 6.6 percent, the biggest jump since annual data was first compiled in 2010, the Labor Department said Tuesday.

The annual gain is somewhat skewed by a 'base effect' from last year's data, when prices plunged early in the pandemic, but nevertheless offers another worrying signal to consumers that their dollars won't stretch as far as they used to.

(Excerpt) Read more at dailymail.co.uk ...

Xiden's “economic recovery”

LMAO

The bastards want to drive us all into the ground.
Thanks, right wingers for alleging the pandemic is a Hoax.
Don't forget to thank Trump for defeating the virus while you're at it. Anyone else would have been years away from a vaccine, not to mention approval.
 
Wholesale prices in the U.S. increased at their fastest annual rate ever in May, driven by rising food prices, as soaring inflation threatens to derail the post-pandemic economic recovery.

The producer price index, which measures inflation pressure before it reaches consumers, rose 0.8 percent in May for an annual gain of 6.6 percent, the biggest jump since annual data was first compiled in 2010, the Labor Department said Tuesday.

The annual gain is somewhat skewed by a 'base effect' from last year's data, when prices plunged early in the pandemic, but nevertheless offers another worrying signal to consumers that their dollars won't stretch as far as they used to.

(Excerpt) Read more at dailymail.co.uk ...

Xiden's “economic recovery”

LMAO

The bastards want to drive us all into the ground.
Thanks, right wingers for alleging the pandemic is a Hoax.
Don't forget to thank Trump for defeating the virus while you're at it. Anyone else would have been years away from a vaccine, not to mention approval.
Anyone else on the left would have been more capable.
 
Only the government can take perfectly good ink and paper and turn them into worthless currency.

Disincentivize work, distribute hundreds of billions in free money, and watch the magic.

The old saying goes that economists only know how to make two things, shortages and surpluses. (Control the price of a commodity below its market price and you create a shortage. Above its market price and you create a surplus.) But that’s not fair, they also know how to create inflation. Simply increase the money supply faster than productivity, voila, you’ve created inflation.

The people who did this knew it would happen. They must figure that the short term electoral appeal of free money outweighs the long term economic damage.
 
It's pretty awful... we had to raise prices to our customers by as much as 8% just last month.
I have been doing this since 2000, and we have never raised prices even remotely that much in a whole year let alone one frigging month.
 

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