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Wholesale inflation rises more than expected
in September, with prices jumping 8.5%

Original Article

Posted By: NorthernDog, 10/12/2022 9:03:29 AM

Inflation at the wholesale level rose more than expected in September as prices for everyday necessities remain at a multi-decade high, squeezing businesses and millions of American households. The Labor Department said Wednesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, rose 0.4% in September from the previous month. On an annual basis, prices soared 8.5%. Those figures were both higher than the 8.3% headline figure and 0.3% monthly gain forecast by Refinitiv economists, a worrisome sign for the Federal Reserve as it seeks to cool price gains and tame consumer demand


As usual, wholesale inflation figures were higher than expected. Surprise!

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Reply 1 - Posted by: Knotwyrkin 10/12/2022 9:05:17 AM (No. 1302309)
Not unexpected by anyone that isn't spending other people's money.
15 people like this.

Reply 2 - Posted by: john56 10/12/2022 9:30:15 AM (No. 1302349)
Got news for you. That number isn't going down anytime soon. I sell products to businesses in a specific market. Prices on the daily needs are going up quickly --- to us and ultimately to them. Businesses can only absorb so many price increases before they have to be pushed to the purchaser.
12 people like this.

Reply 3 - Posted by: Rather Read 10/12/2022 9:31:38 AM (No. 1302352)
Not unexpected when you go to the grocery and see prices rise almost daily.
12 people like this.

Reply 4 - Posted by: MDConservative 10/12/2022 9:43:01 AM (No. 1302371)
Irresponsible government spending is the core problem, $14 TRILLION-plus since 2020. Add to that irresponsible pursuit of "green" sustainability (which clearly is a hoax) and the needless destruction of commerce during the COVID hysteria, the growing sloth due to support programs of increased free sh-tuff to an increased eligibility pool...and here we are. Those of us who lived through the last great era of inflation know how this unfolds. Government trots out experts to tell how this is all coming to an end soon, transitory in nature, and politicians deliver the bi-partisan message that this is the other guys' fault. The expert most heard from is "Rosy Scenario", who sees light at the end of that famed long tunnel at every opportunity - except it's an hallucination. The boobs fear the medicine necessary to curb inflation, and whine years later when the bank won't sell them ten percent CDs. It took more than 15 years to get inflation under control. It has never been tamed. That 1967 dollar lost two-thirds of its value by 1983. Today that dollar is worth eleven cents in purchasing power. What are you paying for a 10 cent soft drink these days?
10 people like this.

Reply 5 - Posted by: Rich323 10/12/2022 10:00:13 AM (No. 1302391)
Only unexpected because the people in charge are totally incompetent and think we are stupid enough to fall for their term "Unexpected". The people on welfare don't care or understand. All they will notice is they run out of booze money sooner.
12 people like this.

Reply 6 - Posted by: Jethro bo 10/12/2022 10:03:21 AM (No. 1302398)
Diaper Joe to declare inflation is 0% in 3...2...1...
7 people like this.

Reply 7 - Posted by: downnout 10/12/2022 10:04:45 AM (No. 1302402)
That light at the end of the tunnel is an oncoming train.
14 people like this.

Reply 8 - Posted by: LC Chihuahua 10/12/2022 10:08:11 AM (No. 1302406)
Can't say I am surprised. Nobody is even trying to fix the mess. F Joe Biden! F Washington!
11 people like this.

Reply 9 - Posted by: DVC 10/12/2022 10:19:17 AM (No. 1302424)
Eff Joe Biden. On top of prices going sky high, my retirement fund is down over a million, in paper losses. We'll see how quickly that comes back after these communist destroyers are tossed out of office.
8 people like this.

Reply 10 - Posted by: Hermit_Crab 10/12/2022 10:19:58 AM (No. 1302425)
I'm curious.... Who DIDN'T expect it? I sure expected it, and I bet you expected it too.
11 people like this.

Reply 11 - Posted by: Calvinesq 10/12/2022 10:21:16 AM (No. 1302429)
FJB does not care. He caused this inflation day one of his faux presidency, by cancelling Keystone Pipeline and suspending or cancelling oil and gas development. This was the Dem plan all along catering to their socialist green agenda. The loss of assets by average Americans is not recoverable. Dollars that we may have been able to retain are worth so much less. Vote the bastards out in such numbers to overcome the Margin of Cheat!
12 people like this.

Reply 12 - Posted by: Krause 10/12/2022 10:22:22 AM (No. 1302434)
The dems spending scheme. When they get in office they blow trillions. Then, the next year they blow slightly less than trillions. They they brag about cutting the deficit (the deficit they created)!
6 people like this.

Reply 13 - Posted by: VirtuDawg 10/12/2022 10:28:25 AM (No. 1302447)
Chou XIden is doing his best to weaken the U.S. in all aspects -- economy, defense, foreign policy, energy supply, etc. -- in order to do the bidding of his CCP masters. China does not have to defeat us economically or militarily; Brandon is doing this all by himself.
6 people like this.

Reply 14 - Posted by: jimboscott 10/12/2022 10:28:42 AM (No. 1302448)
Obviously, the gubbment is not spending nearly enough money to get this inflation under control... /s off
6 people like this.

Reply 15 - Posted by: Frederic F. Frew 10/12/2022 11:07:54 AM (No. 1302492)
Trump's fault! Putin's fault! DeSantis's fault! Greedy corporations' fault! Fox News's fault! Climate change's fault! Can't possibly Biden's. s/o
3 people like this.

Reply 16 - Posted by: FJB 2022 23 24 10/12/2022 11:12:12 AM (No. 1302494)
Everyone expected it, everyone has known it for months and months, evryone except for the fool who got us into this mess. Actually I think he does know it but since there is not an honest bone in his inept body he will never admit it. He and his whole administration needs to be marched down to the basement and lock the door for eternity. FJB
6 people like this.

Reply 17 - Posted by: Daisymay 10/12/2022 12:18:03 PM (No. 1302560)
Just came from the Grocery Store. Eggs went from $4 an change to $6 and change in a week! Granted, I like to buy the Jumbo Eggs, so the small Eggs are somewhat cheaper, but Jeesh! Can't wait until a month from now. Will have to give up Breakfast and also Baking! Thanks Joe!
2 people like this.

Reply 18 - Posted by: Luke21 10/12/2022 1:53:51 PM (No. 1302663)
They have their magic 8.5 percent number. They don't dare publish the real ones. Just like two point polling leads for all their lunatic candidates.
1 person likes this.

Reply 19 - Posted by: JimBob 10/12/2022 10:22:38 PM (No. 1302982)
I think that Federal deficit spending and interest rates affect big purchases like cars and houses, but I think that the price of smaller items like groceries, hardware, lumber and auto parts, are more strongly influenced by production and transport costs, which are heavily influenced by fuel costs. I think that the cost of most items will rise until they are back in the same relative proportion to the price of gasoline and Diesel fuel as they were before the price of gas and Diesel made the 'Biden Price Jump'.
0 people like this.

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