Lovin Jesus
Well-Known Member
Producer prices increased a blistering 10% for the year ending in February, according to a report Friday from the Bureau of Labor Statistics, the highest on record.
The inflation rate in Tuesday’s producer price index report was up 0.2 percentage points from the previous month and is the highest in the gauge's 11-year history.
Russian 'tank landing ships' spotted near Japan, may be heading to Ukraine
Russia resorting to 'older, less precise' weapons in Ukraine, British say
It's easy to laugh about dead Fox News reporters in Ukraine from your home CNN studio in DC
Inflation is ravaging the economy, and Biden needs to stop making excuses
Uyghur women are trapped in China's extensive network of abuse
Biden can do more for Ukraine without committing the US to war
Zelensky Congress address powerful, but no-fly zone a no-go, lawmakers say
White House threatens veto of Rand Paul measure to rescind travel mask mandate
Producer prices increased a blistering 10% for the year ending in February, according to a report Friday from the Bureau of Labor Statistics, the highest on record.
The inflation rate in Tuesday’s producer price index report was up 0.2 percentage points from the previous month and is the highest in the gauge's 11-year history.
Tuesday's news signals more pain to come for households. The producer price index gauges the wholesale prices of goods, which are eventually passed down to consumers.
The news came just days after a report for the month of February found consumer prices increased by 7.9% — the fastest annual rate in four decades. The high rate of inflation has damaged President Joe Biden politically and undercut support for his spending proposals.
Russian 'tank landing ships' spotted near Japan, may be heading to Ukraine
Russia resorting to 'older, less precise' weapons in Ukraine, British say
It's easy to laugh about dead Fox News reporters in Ukraine from your home CNN studio in DC
Inflation is ravaging the economy, and Biden needs to stop making excuses
Uyghur women are trapped in China's extensive network of abuse
Biden can do more for Ukraine without committing the US to war
Zelensky Congress address powerful, but no-fly zone a no-go, lawmakers say
White House threatens veto of Rand Paul measure to rescind travel mask mandate
Producer prices increased a blistering 10% for the year ending in February, according to a report Friday from the Bureau of Labor Statistics, the highest on record.
The inflation rate in Tuesday’s producer price index report was up 0.2 percentage points from the previous month and is the highest in the gauge's 11-year history.
Tuesday's news signals more pain to come for households. The producer price index gauges the wholesale prices of goods, which are eventually passed down to consumers.
The news came just days after a report for the month of February found consumer prices increased by 7.9% — the fastest annual rate in four decades. The high rate of inflation has damaged President Joe Biden politically and undercut support for his spending proposals.
"Inflation in the pipeline is showing few signs of decelerating in the near term, especially as the Russia-Ukraine war wreaks havoc in energy and other commodity markets," economists with Oxford Economics said. "Higher input costs will keep producer prices frustratingly elevated and continue to squeeze profit margins, likely feeding higher consumer prices in the coming months until war tensions unwind and goods demand moderates."
More
https://www.washingtonexaminer.com/...ers-at-10-in-producer-index-highest-on-record
The inflation rate in Tuesday’s producer price index report was up 0.2 percentage points from the previous month and is the highest in the gauge's 11-year history.
Russian 'tank landing ships' spotted near Japan, may be heading to Ukraine
Russia resorting to 'older, less precise' weapons in Ukraine, British say
It's easy to laugh about dead Fox News reporters in Ukraine from your home CNN studio in DC
Inflation is ravaging the economy, and Biden needs to stop making excuses
Uyghur women are trapped in China's extensive network of abuse
Biden can do more for Ukraine without committing the US to war
Zelensky Congress address powerful, but no-fly zone a no-go, lawmakers say
White House threatens veto of Rand Paul measure to rescind travel mask mandate
Producer prices increased a blistering 10% for the year ending in February, according to a report Friday from the Bureau of Labor Statistics, the highest on record.
The inflation rate in Tuesday’s producer price index report was up 0.2 percentage points from the previous month and is the highest in the gauge's 11-year history.
Tuesday's news signals more pain to come for households. The producer price index gauges the wholesale prices of goods, which are eventually passed down to consumers.
The news came just days after a report for the month of February found consumer prices increased by 7.9% — the fastest annual rate in four decades. The high rate of inflation has damaged President Joe Biden politically and undercut support for his spending proposals.
Russian 'tank landing ships' spotted near Japan, may be heading to Ukraine
Russia resorting to 'older, less precise' weapons in Ukraine, British say
It's easy to laugh about dead Fox News reporters in Ukraine from your home CNN studio in DC
Inflation is ravaging the economy, and Biden needs to stop making excuses
Uyghur women are trapped in China's extensive network of abuse
Biden can do more for Ukraine without committing the US to war
Zelensky Congress address powerful, but no-fly zone a no-go, lawmakers say
White House threatens veto of Rand Paul measure to rescind travel mask mandate
Producer prices increased a blistering 10% for the year ending in February, according to a report Friday from the Bureau of Labor Statistics, the highest on record.
The inflation rate in Tuesday’s producer price index report was up 0.2 percentage points from the previous month and is the highest in the gauge's 11-year history.
Tuesday's news signals more pain to come for households. The producer price index gauges the wholesale prices of goods, which are eventually passed down to consumers.
The news came just days after a report for the month of February found consumer prices increased by 7.9% — the fastest annual rate in four decades. The high rate of inflation has damaged President Joe Biden politically and undercut support for his spending proposals.
"Inflation in the pipeline is showing few signs of decelerating in the near term, especially as the Russia-Ukraine war wreaks havoc in energy and other commodity markets," economists with Oxford Economics said. "Higher input costs will keep producer prices frustratingly elevated and continue to squeeze profit margins, likely feeding higher consumer prices in the coming months until war tensions unwind and goods demand moderates."
More
https://www.washingtonexaminer.com/...ers-at-10-in-producer-index-highest-on-record
