Biden's Wholesale Inflation skyrockets to 11.3%

[Nostra]

The news just keeps getting worse and worse under this regime.


Wholesale prices accelerated again in June as inflation seeps throughout every part of the U.S. economy, squeezing businesses and American households in the form of higher prices for most necessities.


The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, climbed 11.3% in June from the previous year. On a monthly basis, prices grew by 1.1%.

Both of those figures are higher than the 10.7% annual and 0.5% monthly estimates from Refinitiv economists, underscoring just how strong inflationary pressures still are.

Wholesale inflation surges 11.3% in June, accelerating more than expected

The producer price index, which measures inflation at the wholesale level before it reaches consumers, accelerated again in June, the Labor Department said on Thursday.

www.foxbusiness.com

 

[The Original Tree]

The news just keeps getting worse and worse under this regime.


Wholesale prices accelerated again in June as inflation seeps throughout every part of the U.S. economy, squeezing businesses and American households in the form of higher prices for most necessities.


The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, climbed 11.3% in June from the previous year. On a monthly basis, prices grew by 1.1%.

Both of those figures are higher than the 10.7% annual and 0.5% monthly estimates from Refinitiv economists, underscoring just how strong inflationary pressures still are.

Wholesale inflation surges 11.3% in June, accelerating more than expected

The producer price index, which measures inflation at the wholesale level before it reaches consumers, accelerated again in June, the Labor Department said on Thursday.

www.foxbusiness.com

It's actually about 20% if you use the old standards of calculating inflation.

Thanks Pedo Joe!

 

[BluesLegend]

Wait a minute, Biden and Dems said inflation hit it's peak last December, WTF?

 

[Nostra]

Wait a minute, Biden and Dems said inflation hit it's peak last December, WTF?

Yeah, but that was back when it was "transitory".

 

[wamose]

What's the dipshit in chief blaming it on today?

 

[ColonelAngus]

The admin told us this was only transitory inflation caused by everyone going back to work after the pandemic.

I believe the Biden admin. They wouldnt lie to us.

 

[Natural Citizen]

What's the dipshit in chief blaming it on today?

 

[LordBrownTrout]

View attachment 670188

Yeah, he was telling that story about cornpop being a bad dude and then interweaving other gems about little girls pulling his leg hairs at the swimming pool.

 

[excalibur]

Started well before the Russian-Ukrainian War.

 

[excalibur]

The supply-side crisis is still extant. Has anyone seen that little mook, Buttplug?

You know, the homosexual Transportation Secretary who disappeared for several months in 2021. Seems to have disappeared again.

 

[Nostra]

The supply-side crisis is still extant. Has anyone seen that little mook, Buttplug?

You know, the homosexual Transportation Secretary who disappeared for several months in 2021. Seems to have disappeared again.

Maybe he is breast feeding off his husband now.