You're kidding right? Maybe you haven't purchased anything yet.
The producer price index jumped 0.9% in July. It was the biggest monthly increase since June 2022.
Wholesale prices rose far more than expected in July, providing a sign that inflation is still a threat to the U.S. economy, a Bureau of Labor Statistics report Thursday showed.
Services inflation provided much of the push higher, rising 1.1% in July for the largest gain also since March 2022. Trade services margins climbed 2%, coming amid ongoing developments in President
Donald Trump’s tariff implementations.
In addition, 30% of the increase in services came from a 3.8% rise in machinery and equipment wholesaling. Also, portfolio management fees surged 5.4% and airline passenger services prices climbed 1%.
Beef prices have soared to all-time highs with many families feeling the squeeze.
was looking at the price of a pound of ground beef and three months ago, it was $4.99 a pound. And a week ago Saturday, it was $7.99 a pound.
And it is not just beef.
Almost 90 percent of Americans now say they're stressed about grocery prices, which have been up for three main reasons.
Because of tariffs, because of weather and climate conditions, because of the labor costs.
Trump is responsible for 2 of the 3.
So don't complain about Biden inflation and support Trump when he raises your prices even more.
Oh, and when Trump's new stooge drops interest rates, that's going to bring more inflation back. You're just not that smart are you?
