The US producer price index, which tracks what America's producers get paid for their goods and services on average over time, rose 9.7% last year, not adjusted for seasonal swings. It was the biggest calendar-year increase since the data series began in 2010, according to the Bureau of Labor Statistics.It was a slightly smaller advance than economists had predicted.
Stripping out prices for food, energy and trade services, which measures the changes in margins received by wholesalers and retailers, the inflation index rose 6.9% last year, compared with a modest 1.3% increase in 2020.In December alone, the PPI data followed a similar pattern as the consumer price index that came out Tuesday: Prices still rose in December, but at a much slower pace than in the previous months.
Biden = Carter 2.0
Yet another 3 months before the Fed starts to do anything at all to help by decreasing bond buying or raising any rates. They continue to be proven wrong that it's 'transitory' and will just go away on its own. Inflation federalreserve Jerome Powell
Dem vaccinated citizens think its OK for rising prices happening under Biden. They are not living in reality. Normal citizens are worried on how they going to live..
Look at how they represent the world when you want to be elected to be influence on world people
Shit is fucked up what is forced on humans
Shit is fucked up even commercial advertise
What I see they use thr media for
Where is the media to hold their truth to power?
Blackstone, alone, is turning us into a modern feudal society. And once property is all corporate owned wages become irrelevant as they will just raise rent with wages. And consumer prices will rise with lease increases. It will be the end of a free market and free America.
SICK of our news reporting on inflation without reporting on the REAL CAUSE of inflation. Do you no KNOW? Not CARE? Know but not want to TELL? DO you HATE AMERICA? Tell the TRUTH! Wall Street investment firms are using Federal Loans at almost 0% to buy up real estate.
The price hikes are more greed than inflation driven.
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