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Producer Price Index was up 9.6% in November, highest ever
Posted on 12/14/21 at 7:03 pm
Posted on 12/14/21 at 7:03 pm
Conservative Treehouse noted this stat a few days ago. If ex factory pricing is rising, it means wholesale and then retail will also rise meaning inflation is still increasing at an increasing rate.
And dont think chini will help, their PPI was a whopping 12% plus in November, tack on shipping costs through the roof, and their pricing will increase more that US domestic goods.
I never dreamed an administration could fck up so many things so quickly. Chavez is envious.
And dont think chini will help, their PPI was a whopping 12% plus in November, tack on shipping costs through the roof, and their pricing will increase more that US domestic goods.
I never dreamed an administration could fck up so many things so quickly. Chavez is envious.
3
Posted on 12/14/21 at 7:19 pm to trinidadtiger
quote:
Producer Price Index was up 9.6% in November, highest ever
That's not hyperinflation, but it's going to be damned uncomfortable over the next year or so.
Posted on 12/14/21 at 7:26 pm to trinidadtiger
This really sucks at least with President Carter the CD rates rose to almost 14%.
CDs are paying less than 2% for 5 years and inflation is at 7% and still rising.
Xiden going to get his
CDs are paying less than 2% for 5 years and inflation is at 7% and still rising.
Xiden going to get his
Posted on 12/15/21 at 9:47 am to trinidadtiger
Transitory.
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