US producer prices jump an unprecedented 8.3% in August

[excalibur]

And the COLAs will cost billions, both in the public and the private sectors as the CPI will probably result in a 6% or higher increase over the 12-month period.

​

Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.​

​

The Labor Department reported Friday that its producer price index — which measures inflationary pressures before they reach consumers — rose 0.7% last month from July after increasing 1% in both June and July.​

​

Inflation has been stirring as the economy recovers from last year’s brief but intense coronavirus recession. Supply chain bottlenecks and a shortage of workers have pushed prices higher. Federal Reserve Chair Jerome Powell has called the price spikes temporary and has warned of the dangers of the central bank raising its benchmark interest rate (now near zero) prematurely, potentially stalling the economy’s comeback.​

​

“Since the pandemic, supply chains have never been the same and likely won’t normalize for at least six months,” said a report by Contingent Macro Advisors. “”Only then will we (and, more importantly, the Fed) get a true sense of the trend rate of producer inflation.″​

​

Excluding volatile food and energy prices, so-called core producer prices rose 0.6% from July and 6.7% from a year earlier. Food prices were up 2.9% last month after falling in July. Over the past year, wholesale food prices have climbed 12.7%, including surges of 59.2% for beef and 43.5% for shortening and cooking oil. Energy prices rose 0.4% from July and are up 32.3% over the past year.​

​

The economy’s brisk recovery appears to have hit a late summer lull as COVID-19′s highly contagious delta variant discourages Americans from shopping in stores or going out to restaurants. Retail sales dropped in August, and employers added just 235,000 jobs last month, a third of what economists were expecting, and a sharp drop from June and July, when about 1 million jobs were added each month.​

​

The Labor Department’s report on August consumer prices comes out Tuesday. Economists expect them to have moderated slightly from July’s 5.4% annual uptick, according to a survey by the data firm FactSet.​

US producer prices jump an unprecedented 8.3% in August

Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.

apnews.com

 

[RoshawnMarkwees]

Good thing the demmunists unnnecessarily drove up the cost of energy to make things exponentially worse.
Democrats are the greatest existential threat to the US.

 

[struth]

shortage of workers will make prices skyrocket. The dems paying people to sit at home will do that

 

[BlueGin]

Stores stock is already low. Shelves bare. Why not add more shit to the pile. This is the way democrats want it after all.

 

[shockedcanadian]

And the COLAs will cost billions, both in the public and the private sectors as the CPI will probably result in a 6% or higher increase over the 12-month period.

​

Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.​

​

The Labor Department reported Friday that its producer price index — which measures inflationary pressures before they reach consumers — rose 0.7% last month from July after increasing 1% in both June and July.​

​

Inflation has been stirring as the economy recovers from last year’s brief but intense coronavirus recession. Supply chain bottlenecks and a shortage of workers have pushed prices higher. Federal Reserve Chair Jerome Powell has called the price spikes temporary and has warned of the dangers of the central bank raising its benchmark interest rate (now near zero) prematurely, potentially stalling the economy’s comeback.​

​

“Since the pandemic, supply chains have never been the same and likely won’t normalize for at least six months,” said a report by Contingent Macro Advisors. “”Only then will we (and, more importantly, the Fed) get a true sense of the trend rate of producer inflation.″​

​

Excluding volatile food and energy prices, so-called core producer prices rose 0.6% from July and 6.7% from a year earlier. Food prices were up 2.9% last month after falling in July. Over the past year, wholesale food prices have climbed 12.7%, including surges of 59.2% for beef and 43.5% for shortening and cooking oil. Energy prices rose 0.4% from July and are up 32.3% over the past year.​

​

The economy’s brisk recovery appears to have hit a late summer lull as COVID-19′s highly contagious delta variant discourages Americans from shopping in stores or going out to restaurants. Retail sales dropped in August, and employers added just 235,000 jobs last month, a third of what economists were expecting, and a sharp drop from June and July, when about 1 million jobs were added each month.​

​

The Labor Department’s report on August consumer prices comes out Tuesday. Economists expect them to have moderated slightly from July’s 5.4% annual uptick, according to a survey by the data firm FactSet.​

US producer prices jump an unprecedented 8.3% in August

Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.

apnews.com

That is before the next $1.5T-$3.5T cash flow injection into the economy.

 

[lantern2814]

At least some states have finally eliminated the extra unemployment money. It’ll still take months in all likelihood, but that should force some people back to work. Helping the supply chains move again.

 

[harmonica]

At least some states have finally eliminated the extra unemployment money. It’ll still take months in all likelihood, but that should force some people back to work. Helping the supply chains move again.

..the lazy bastards still get $300 per child, I thought?

 

[lantern2814]

..the lazy bastards still get $300 per child, I thought?

They do. But some states did eliminate the added unemployment benefits. Sadly, people who worked through all of this were the ones who really got screwed financially. You shouldn’t make more money on unemployment than you did working.

 

[BlueGin]

..the lazy bastards still get $300 per child, I thought?

I think the extra 100.00 in food stamps and Extra 300.00/600.00 in unemployment ends this month. Then the child credits kick in. Dont expect these people to go back to work anytime soon.

 

[jackflash]

And the COLAs will cost billions, both in the public and the private sectors as the CPI will probably result in a 6% or higher increase over the 12-month period.

​

Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.​

​

The Labor Department reported Friday that its producer price index — which measures inflationary pressures before they reach consumers — rose 0.7% last month from July after increasing 1% in both June and July.​

​

Inflation has been stirring as the economy recovers from last year’s brief but intense coronavirus recession. Supply chain bottlenecks and a shortage of workers have pushed prices higher. Federal Reserve Chair Jerome Powell has called the price spikes temporary and has warned of the dangers of the central bank raising its benchmark interest rate (now near zero) prematurely, potentially stalling the economy’s comeback.​

​

“Since the pandemic, supply chains have never been the same and likely won’t normalize for at least six months,” said a report by Contingent Macro Advisors. “”Only then will we (and, more importantly, the Fed) get a true sense of the trend rate of producer inflation.″​

​

Excluding volatile food and energy prices, so-called core producer prices rose 0.6% from July and 6.7% from a year earlier. Food prices were up 2.9% last month after falling in July. Over the past year, wholesale food prices have climbed 12.7%, including surges of 59.2% for beef and 43.5% for shortening and cooking oil. Energy prices rose 0.4% from July and are up 32.3% over the past year.​

​

The economy’s brisk recovery appears to have hit a late summer lull as COVID-19′s highly contagious delta variant discourages Americans from shopping in stores or going out to restaurants. Retail sales dropped in August, and employers added just 235,000 jobs last month, a third of what economists were expecting, and a sharp drop from June and July, when about 1 million jobs were added each month.​

​

The Labor Department’s report on August consumer prices comes out Tuesday. Economists expect them to have moderated slightly from July’s 5.4% annual uptick, according to a survey by the data firm FactSet.​

US producer prices jump an unprecedented 8.3% in August

Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.

apnews.com

The United States of Venezuela???

 

[Gabe Lackmann]

All by design...convert to physical assets.

A greater consolidation is coming.

You will own nothing and be happier than ever...remember?

The digital currency is coming.

 

[B. Kidd]

That is before the next $1.5T-$3.5T cash flow injection into the economy.

If it's 3.5 T, stagflation will be the norm for years!
Fuck the lumpenproletariat, I can afford it, bring it the fuck on!!

 

[Claudette]

lantern2814
I agree. I worked through the whole thing as did everyone I work with. I'm still working.

Where I live hiring signs are all over. Glad the UE shit is ending. These lazy assholes will have to go back to work.

 

[TheGreatSatan]

All part of the plan. America's enemies are on the move. Stock up people. Be ready. Don't trust anyone who supports Democrats.

 

[badger2]

Communists knew their virus would make an economic impact.

 

[badger2]

Paring down is not communist. Chinese cocksuckers knowing that their virus would target more obese Americans is communist.

 

[Aletheia4u]

And next year it is going up. While the majority is loosing their jobs and businesses.

Fed could fracture in 2022 over when to raise interest rates, economist says

The Federal Reserve could split into two large camps over when to raise interest rates, a top Wall Street economist said.

www.marketwatch.com

 

[Cellblock2429]

And the COLAs will cost billions, both in the public and the private sectors as the CPI will probably result in a 6% or higher increase over the 12-month period.

​

Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.​

​

The Labor Department reported Friday that its producer price index — which measures inflationary pressures before they reach consumers — rose 0.7% last month from July after increasing 1% in both June and July.​

​

Inflation has been stirring as the economy recovers from last year’s brief but intense coronavirus recession. Supply chain bottlenecks and a shortage of workers have pushed prices higher. Federal Reserve Chair Jerome Powell has called the price spikes temporary and has warned of the dangers of the central bank raising its benchmark interest rate (now near zero) prematurely, potentially stalling the economy’s comeback.​

​

“Since the pandemic, supply chains have never been the same and likely won’t normalize for at least six months,” said a report by Contingent Macro Advisors. “”Only then will we (and, more importantly, the Fed) get a true sense of the trend rate of producer inflation.″​

​

Excluding volatile food and energy prices, so-called core producer prices rose 0.6% from July and 6.7% from a year earlier. Food prices were up 2.9% last month after falling in July. Over the past year, wholesale food prices have climbed 12.7%, including surges of 59.2% for beef and 43.5% for shortening and cooking oil. Energy prices rose 0.4% from July and are up 32.3% over the past year.​

​

The economy’s brisk recovery appears to have hit a late summer lull as COVID-19′s highly contagious delta variant discourages Americans from shopping in stores or going out to restaurants. Retail sales dropped in August, and employers added just 235,000 jobs last month, a third of what economists were expecting, and a sharp drop from June and July, when about 1 million jobs were added each month.​

​

The Labor Department’s report on August consumer prices comes out Tuesday. Economists expect them to have moderated slightly from July’s 5.4% annual uptick, according to a survey by the data firm FactSet.​

US producer prices jump an unprecedented 8.3% in August

Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.

apnews.com

/——/ Americans like higher prices. That’s why we voted for Dementia Joe to raise taxes and cause inflation. Dumb old Trump pushed lower taxes and low inflation. No one does it better than democRATs.

 

[Resnic]

They do. But some states did eliminate the added unemployment benefits. Sadly, people who worked through all of this were the ones who really got screwed financially. You shouldn’t make more money on unemployment than you did working.

That's what pissed me off. I'm a building engineer so I never quit working, even when we were down to only like 3 people a shift at my location for the entire facility I was still there everyday. I mean i was grateful to be working, but we had hundreds furlowed that kept getting paid for nothing for like 6 or 8 months or longer in a lot of cases then we're re hired. They got paid for a long ass vacation while I was killing myself alone and didn't get anything, not even a thank you.

 

[Independentthinker]

And the COLAs will cost billions, both in the public and the private sectors as the CPI will probably result in a 6% or higher increase over the 12-month period.

​

Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.​

​

The Labor Department reported Friday that its producer price index — which measures inflationary pressures before they reach consumers — rose 0.7% last month from July after increasing 1% in both June and July.​

​

Inflation has been stirring as the economy recovers from last year’s brief but intense coronavirus recession. Supply chain bottlenecks and a shortage of workers have pushed prices higher. Federal Reserve Chair Jerome Powell has called the price spikes temporary and has warned of the dangers of the central bank raising its benchmark interest rate (now near zero) prematurely, potentially stalling the economy’s comeback.​

​

“Since the pandemic, supply chains have never been the same and likely won’t normalize for at least six months,” said a report by Contingent Macro Advisors. “”Only then will we (and, more importantly, the Fed) get a true sense of the trend rate of producer inflation.″​

​

Excluding volatile food and energy prices, so-called core producer prices rose 0.6% from July and 6.7% from a year earlier. Food prices were up 2.9% last month after falling in July. Over the past year, wholesale food prices have climbed 12.7%, including surges of 59.2% for beef and 43.5% for shortening and cooking oil. Energy prices rose 0.4% from July and are up 32.3% over the past year.​

​

The economy’s brisk recovery appears to have hit a late summer lull as COVID-19′s highly contagious delta variant discourages Americans from shopping in stores or going out to restaurants. Retail sales dropped in August, and employers added just 235,000 jobs last month, a third of what economists were expecting, and a sharp drop from June and July, when about 1 million jobs were added each month.​

​

The Labor Department’s report on August consumer prices comes out Tuesday. Economists expect them to have moderated slightly from July’s 5.4% annual uptick, according to a survey by the data firm FactSet.​

US producer prices jump an unprecedented 8.3% in August

Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.

apnews.com

But but but, it's only temporary!