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Producer inflation accelerated in August,
as wholesale prices rose record
8.3% from a year ago

Original Article

Posted By: NorthernDog, 9/10/2021 8:57:59 AM

Prices that producers get for final demand goods and services surged in August at their highest annual rate since at least 2010, the Labor Department reported Friday. The producer price index accelerated 0.7% for the month, above the 0.6% Dow Jones estimate. On a year-over-year basis, the gauge rose 8.3%, which is the biggest annual increase since records have been kept going back to November 2010. The data comes amid heightened inflation fears fed by supply chain issues, a shortage of various consumer and producer goods and heightened demand related to the Covid-19 pandemic. Federal Reserve officials expect inflationary pressures

Comments:

Flooding the economy with ''free money'' is going to be a disaster.

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Reply 1 - Posted by: red1066 9/10/2021 9:10:57 AM (No. 909816)
2010 and who was in charge in 2010? Obozo and the demosluts were in charge. Anyone seeing a pattern?
4 people like this.

Reply 2 - Posted by: jalo1951 9/10/2021 9:12:04 AM (No. 909819)
I went to three different grocery stores trying to pick up what I needed for the next two weeks. And I couldn't do it. Lots of signs that said "sorry we are out of - - - - due to supply chain issues". And the prices on what I could find had been hiked up, again. Are you tired of this clown administration yet?
13 people like this.

Reply 3 - Posted by: DVC 9/10/2021 9:34:44 AM (No. 909857)
So, the dollar shrank by 8.3% last year. They are literally destroying the currency. Venezuela and Zimbabwe, here we come.
10 people like this.

Reply 4 - Posted by: Bur Oak 9/10/2021 9:39:42 AM (No. 909865)
This is just the beginning.
6 people like this.

Reply 5 - Posted by: Old Army Vet 9/10/2021 9:53:29 AM (No. 909885)
Thanks Joe, your are such an inspiration to us all, not. Xiden is the clown prince of all politicians that ever held office in this once great country. There is s special place in hell waiting for you traitor.
6 people like this.

Reply 6 - Posted by: Avikingman 9/10/2021 10:13:10 AM (No. 909930)
#3 nails it. Prices aren't going up. The value of the dollar is plummeting. Ever see those wheelbarrows full of worthless currency? It's where we're heading.
6 people like this.

Reply 7 - Posted by: Condor44 9/10/2021 10:27:23 AM (No. 909947)
The more I read about the mess we are in, the more po'd I get. It is hard for me to believe that this corrupt fool in the wh has turned this once great nation into a 3rd rate nation in just 7 months. I despise Biden and his minions with every fiber of my being.
9 people like this.

Reply 8 - Posted by: Ribicon 9/10/2021 10:58:52 AM (No. 909975)
"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation." Vladimir Lenin "Inflation is a myth." Janet Yellen and Jerome Powell
7 people like this.

Reply 9 - Posted by: chance_232 9/10/2021 11:33:45 AM (No. 910008)
So much for my 3% annual pay raise.
5 people like this.

Reply 10 - Posted by: RuckusTom 9/10/2021 12:02:06 PM (No. 910024)
In addition to flooding the economy with dollars and increased demand due to opening back up after Covid (which I'm not so sure about since people shifted to on-line shopping and restaurant delivery while stuck at home), is gasoline prices. Gas prices are the ultimate in trickle down economics. Gas prices shrink and the price of goods goes down. Gas prices double in 8 months because we're not renewing leases on federal land and in the Gulf and we shut down the Keystone pipeline and the price of goods goes up - a lot.
6 people like this.

Reply 11 - Posted by: cor-vet 9/10/2021 2:00:51 PM (No. 910119)
I have a bunch of 'sticky' pads w/ Trumps picture and they say, "Miss me yet?" I've been leaving them on gas pumps and some store shelves, when I can. I'll probably get arrested for a hate crime, if I'm ever caught!
4 people like this.

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