Wholesale inflation climbs 11% in April, remaining near 40-year high

'Kennedy' party panel reacts to President Biden's 'economic blunders' as inflation hit 8.3% in April.

Wholesale prices on an annual basis cooled for the first time in months in April but rose more than expected as inflation continued to hover near a 40-year high as a result of strong consumer demand, pandemic-related supply chain snarls and the Russian war in Ukraine. The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, climbed 11% in April from the previous year. On a monthly basis, prices grew by 0.5%.

Economists surveyed by Refinitiv expected producer inflation to rise by 10.7% on an annual basis and 0.5% from the previous month.

Exactly what happens when people vote for democrats!

Still waiting for that prosperity to trickle on down like we were promised...

Fox supports the GOP efforts to aid corporations in gouging prices causing Americans suffering. As a Russian propaganda outlet Fox works hard to hurt America.

Of course it has, b/c OilAndGas corporations are making record profits by keeping GasPrices high. High energy prices increase manufacturing and transportation/delivery costs. So blame exxonmobil chevron bp_America. They're rolling in dough by hurting American consumers.

Be gone

Did you forget about the Pandemic? There was zero wholesale during lockdown...Whoops Fox can't count.

I’ll take temporary 11% inflation over permanently becoming a 2nd class citizen forced to give birth to my rapist’s offspring ANY DAY!!! GOP wants government to control women’s bodies. VoteBlueIn2022

What? No mention of your corporate overlords gouging ?

From the network that told the world that Covid was no worse than the flu which eventually ended up killing hundreds of thousands.

BREAKING NEWS: Fox news STILL pushing Kremlin propaganda.

Not!

So much for ‘The Happiest Place On Earth’…

Let’s go Brandon!

Thanks democrats

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