Post by jamshundred on Feb 15, 2022 20:14:27 GMT
theconservativetreehouse.com/blog/2022/02/15/january-wholesale-ppi-inflation-doubles-economic-expectations-diesel-fuel-jumps-9-4-in-january-alone-56-5-for-year/
Think on that——diesel fuel up over 9 per cent in January, and 56 1/2% for year. Squeeze your pennies.
Here we go folks. Jumpin’ ju-ju-bones, the first wave of producer driven inflation has just been quantified. The economic analysts are shocked, stunned, flabbergasted and surprised, because the January single month wholesale inflation of 1.0% is double what they expected.
The “producer price index” is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released January price data [Available Here] showing a dramatic 9.7% increase year-over-year in Final Demand products at the wholesale level.
Think on that——diesel fuel up over 9 per cent in January, and 56 1/2% for year. Squeeze your pennies.
Here we go folks. Jumpin’ ju-ju-bones, the first wave of producer driven inflation has just been quantified. The economic analysts are shocked, stunned, flabbergasted and surprised, because the January single month wholesale inflation of 1.0% is double what they expected.
The “producer price index” is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate (processing), and then Final (to wholesale). Today, the Bureau of Labor and Statistics (BLS) released January price data [Available Here] showing a dramatic 9.7% increase year-over-year in Final Demand products at the wholesale level.