Wholesale inflation rises more than expected in September, with prices jumping 8.5%

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Earl

Well-known member
Economy
Published October 12, 2022 8:32am EDT
Wholesale inflation rises more than expected in September, with prices jumping 8.5%
Economists expected the producer price index to rise 8.4% in September

By Megan Henney FOXBusiness
Forbes Media chairman Steve Forbes discusses the latest jobs report showing that 263,000 jobs were added in Sep. and unemployment at 3.5% on ‘Fox Business Tonight.’ video
The Fed thinks the only way to fight inflation is by depressing the economy: Steve Forbes

Forbes Media chairman Steve Forbes discusses the latest jobs report showing that 263,000 jobs were added in Sep. and unemployment at 3.5% on ‘Fox Business Tonight.’

Inflation at the wholesale level rose more than expected in September as prices for everyday necessities remain at a multi-decade high, squeezing businesses and millions of American households.

The Labor Department said Wednesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, rose 0.4% in September from the previous month. On an annual basis, prices soared 8.5%. That is down from the 8.7% recorded in August and marks the lowest reading since July 2021.

Still, those figures were both higher than the 8.3% headline figure and 0.3% monthly gain forecast by Refinitiv economists, a worrisome sign for the Federal Reserve as it seeks to cool price gains and tame consumer demand with an aggressive interest rate hike campaign.

Excluding food, energy and trade services, inflation at the wholesale level increased 0.4% for the month – the fastest gain since May. Over the past 12 months, core prices climbed 5.6%.

AS INFLATION RAGES, MORE AMERICANS ARE STRUGGLING TO PAY THEIR BILLS
https://www.foxbusiness.com/economy...s-more-than-expected-september-prices-jumping
 
Since Biden admin called inflation ‘transitory’, US has seen 13 straight months of soaring costs
Biden said in July 2021 that price increases would be 'temporary'
 
The beat goes on with Biden driving America into the ground and harming hard working Americans.
 
ExpressLane said:
Biden is doing his best to destroy America.
Click to expand...

Indeed he is.

The far left Democrat Socialist loons don’t like to talk about Biden’s out of control inflation...or the out of control borders and crime or the nuclear confrontation with Russia or the loss of energy independence or the anarchy in their sanctuary cities.

They can only focus on Trump, who hasn’t been in office for nearly two years.

Since Biden has no accomplishments, it’s all they have.
 
Earl said:
Indeed he is.

The far left Democrat Socialist loons don’t like to talk about Biden’s out of control inflation...or the out of control borders and crime or the nuclear confrontation with Russia or the loss of energy independence or the anarchy in their sanctuary cities.

They can only focus on Trump, who hasn’t been in office for nearly two years.

Since Biden has no accomplishments, it’s all they have.
Click to expand...
Indeed. TDS, Never underestimate Joe's ability to fuck things up.
 
Robert Gates Thinks Joe Biden Hasn't Stopped Being Wrong for 40 Years
"I think he has been wrong on nearly every major foreign policy and national security issue over the past four decades,” former Defense Secretary Robert Gates says of Vice President Joe Biden in his new book coming out later this month.

Biden hasn’t been right on any policy since he became president, either.
 
Pretty funny thread, we got the usual topic post criticizing Biden, followed by two, or the perhaps the same, MAGA militia bouncing back and forth endorsing each other’s damnation

Least we could say they saved us from having to visit a middle school playground to hear such an enlightened exchange
 
archives said:
Pretty funny thread, we got the usual topic post criticizing Biden, followed by two, or the perhaps the same, MAGA militia bouncing back and forth endorsing each other’s damnation

Least we could say they saved us from having to visit a middle school playground to hear such an enlightened exchange
Click to expand...

Yes, Anchovies, I agree, you could have saved us from having to visit a middle-school playground by posting a refutation.

Do you disagree with the inflation data?

Poor Anchovies.
 
Earl said:
Yes, Anchovies, I agree, you could have saved us from having to visit a middle-school playground by posting a refutation.

Do you disagree with the inflation data?

Poor Anchovies.
Click to expand...

That inflation is high, of course not, that it is totally Biden’s fault, no, only one totally lacking any understanding of economics would say that, or, one who believes everything Murdoch shovels out
 
archives said:
That inflation is high, of course not, that it is totally Biden’s fault, no, only one totally lacking any understanding of economics would say that, or, one who believes everything Murdoch shovels out
Click to expand...

Whose fault is it, Anchovies?

The figures are government data, Anchovies.

Biden’s energy policy is the cause of most of the out of control inflation along with trillions spent by the Democrats.

If this was happening on Trump’s watch, you would place the blame entirely on him.

Poor Anchovies.
 
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With the Fed now selling (well, trying to sell and failing so far) and major holders of US debt like Japan selling their dollars the Treasury is trying to find buyers of our TBills.

Yet another bubble losing air fast....

This is a storm more perfect than we or anyone else have seen.

th
 
Celticguy said:
With the Fed now selling (well, trying to sell and failing so far) and major holders of US debt like Japan selling their dollars the Treasury is trying to find buyers of our TBills.

Yet another bubble losing air fast....

This is a storm more perfect than we or anyone else have seen.

th
Click to expand...

Indeed.

There have been two (2) bond yield inversions.

Recession!
 
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