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Inflation Increases At Record Rate For
Second Month In A Row

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Posted By: MAGA Might, 11/9/2021 1:33:31 PM

The Producer Price Index (PPI), which measures inflation at the wholesale level, rose 8.6% year-over-year as of October, growing at a record rate for a second straight month, the U.S. Bureau of Labor Statistics (BLS) announced Thursday. BLS reported Thursday that the PPI, which measures inflation before it hits consumers, grew 0.6% in October, in line with Dow Jones estimates, highlighting that inflationary pressure is still strong. Over 60% of the month-over-month increase in producer prices resulted from a 1.2% spike in the price of goods rather than services, BLS reported.

Comments:

It's bad already, but it's going to get a lot worse. And all of those independents and moderate Dems are going start wondering why on earth they voted for Biden. It's coming.

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Reply 1 - Posted by: jalo1951 11/9/2021 1:52:27 PM (No. 972457)
Collapse the system. FJB
3 people like this.

Reply 2 - Posted by: Mr. Know-It-All 11/9/2021 1:59:46 PM (No. 972465)
C'mon man! Don't worry. Der Furher assures us that this will subside soon. He's always right ya know. Let's Go Brandon!
3 people like this.

Reply 3 - Posted by: Ribicon 11/9/2021 2:14:10 PM (No. 972481)
Janet and Jerome say it's transitory, and we can absorb it. After all, they can buy anything they want without a second thought given to the cost, and if we do, well, it's our own fault for not becoming a "banker" or a government insider.
3 people like this.

Reply 4 - Posted by: planetgeo 11/9/2021 2:15:55 PM (No. 972483)
Call inflation what it really is...the Stealth Tax on low and middle-income taxpayers.
4 people like this.

Reply 5 - Posted by: NorthernDog 11/9/2021 2:18:33 PM (No. 972485)
When the government starts spending hundreds of billions of dollars on 'infrastructure' you can expect building material costs to skyrocket again.
3 people like this.

Reply 6 - Posted by: PostAway 11/9/2021 2:39:41 PM (No. 972498)
Today a friend and I stopped by McDonald’s for a Quarter pounder with cheese, Filet-o-Fish and medium fries. Normally that costs $8+. Today it was close to $13. Let’s Go Brandon!
5 people like this.

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Posted by MAGA Might 11/9/2021 1:33:31 PM Post Reply
The Producer Price Index (PPI), which measures inflation at the wholesale level, rose 8.6% year-over-year as of October, growing at a record rate for a second straight month, the U.S. Bureau of Labor Statistics (BLS) announced Thursday. BLS reported Thursday that the PPI, which measures inflation before it hits consumers, grew 0.6% in October, in line with Dow Jones estimates, highlighting that inflationary pressure is still strong. Over 60% of the month-over-month increase in producer prices resulted from a 1.2% spike in the price of goods rather than services, BLS reported.
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