Wholesale prices rose 10.8% in May, near a record annual pace

Weatherman2020

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Mar 3, 2013
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Wholesale prices rose 10.8% in May, near a record annual pace
The producer price index rose 0.8% for the month and 10.8% over the past year.
The monthly gain was in line with estimates and the annual gain was slightly off the record 11.5% hit earlier this year.

The data is significant in that prices at the wholesale level feed through to consumer prices.

BUILD BACK BETTER!!!11!!!!!eleventy!!!!

 
Wholesale prices rose 10.8% in May, near a record annual pace
The producer price index rose 0.8% for the month and 10.8% over the past year.
The monthly gain was in line with estimates and the annual gain was slightly off the record 11.5% hit earlier this year.

The data is significant in that prices at the wholesale level feed through to consumer prices.

BUILD BACK BETTER!!!11!!!!!eleventy!!!!

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...and tomorrow the Fed is expected to raise the lending rate by 75 basis points...

Can you say 1000 point Dow drop?
 

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