 |
|
9.6% inflation rate from the Xiden* regime economic geniuses
Posted on: December 15, 2021 at 07:21:34 CT
BH O'bonga MU
Posts:
21898
Member For:
4.86 yrs
Level:
User
M.O.B. Votes:
0
According to CNBC,
"Wholesale prices increased at their quickest pace on record in November in the latest sign that the inflation pressures bedeviling the economy are still present, the Labor Department reported Tuesday.
The producer price index for final demand increased 9.6% over the previous 12 months after rising another 0.8% in November.
Excluding food, energy and trade services prices rose 0.7% for the month, putting core PPI at 6.9%, also the largest gain on record."
Wholesale prices measure rose 9.6% in November from a year ago, the fastest pace on record
https://www.cnbc.com/2021/12/14/wholesale-prices-measure-rises-9point6percent-in-november-from-a-year-ago-the-fastest-pace-on-record.html
"the fantasy that vigorous government spending and other drastic actions won’t produce harmful unintended consequences. A related form is the view that vigorous government action can solve nearly all of our most pressing problems.
There are things the government — and especially the Fed — can do to bring the cost of living down significantly, but rarely, I believe, in the short term. And some of Joe Biden’s key initiatives, including “Build Back Better,” seem bound to increase inflationary pressure."
HOW BAD IS THE CURRENT INFLATION AND WHEN WILL IT ABATE?
https://www.powerlineblog.com/archives/2021/12/how-bad-is-the-current-inflation-and-when-will-it-abate.php
"Wholesale prices increased at their quickest pace on record in November in the latest sign that the inflation pressures bedeviling the economy are still present, the Labor Department reported Tuesday.
The producer price index for final demand increased 9.6% over the previous 12 months after rising another 0.8% in November.
Excluding food, energy and trade services prices rose 0.7% for the month, putting core PPI at 6.9%, also the largest gain on record."
Wholesale prices measure rose 9.6% in November from a year ago, the fastest pace on record
https://www.cnbc.com/2021/12/14/wholesale-prices-measure-rises-9point6percent-in-november-from-a-year-ago-the-fastest-pace-on-record.html
"the fantasy that vigorous government spending and other drastic actions won’t produce harmful unintended consequences. A related form is the view that vigorous government action can solve nearly all of our most pressing problems.
There are things the government — and especially the Fed — can do to bring the cost of living down significantly, but rarely, I believe, in the short term. And some of Joe Biden’s key initiatives, including “Build Back Better,” seem bound to increase inflationary pressure."
HOW BAD IS THE CURRENT INFLATION AND WHEN WILL IT ABATE?
https://www.powerlineblog.com/archives/2021/12/how-bad-is-the-current-inflation-and-when-will-it-abate.php
Please explain why this message is being reported.
MESSAGE THREAD
9.6% inflation rate from the Xiden* regime economic geniuses - BH O'bonga MU - 12/15 07:21:34
-