After a record 9.1% inflated prices we can continue to expect more inflation in coming months.
Why? Follow the Producer Price Index or PPI which gives some indication of wholesale prices being paid by producers of products. If high, producers simply pass on costs to consumers.
Well @ a record 11.3% PPI -- expext more pain down the road. SAD.
While I applaud a tightening money supply under these conditions, energy costs (see article) are the death blow for producers.
This administration's green energy plan is just killing the poor and middle class. Not your old Democrats who cared about the people.
Social & environmental justice, that is what is important don't ya know.
But NOT caring about clean air and water that matters alot (ask BNI about Gary)......NO, the new environmentalist is way different. The new environmental warrior is all about climate change. Climate justice and carbon. Don't get these new climate environmentalist justice warriors confused with the great guys cleaning our air & water of the 60s, 70s & 80s who actually did alot of good.
Producer price index June 2022: Gain 11.3% on surge in costs
Why? Follow the Producer Price Index or PPI which gives some indication of wholesale prices being paid by producers of products. If high, producers simply pass on costs to consumers.
Well @ a record 11.3% PPI -- expext more pain down the road. SAD.
While I applaud a tightening money supply under these conditions, energy costs (see article) are the death blow for producers.
This administration's green energy plan is just killing the poor and middle class. Not your old Democrats who cared about the people.
Social & environmental justice, that is what is important don't ya know.
But NOT caring about clean air and water that matters alot (ask BNI about Gary)......NO, the new environmentalist is way different. The new environmental warrior is all about climate change. Climate justice and carbon. Don't get these new climate environmentalist justice warriors confused with the great guys cleaning our air & water of the 60s, 70s & 80s who actually did alot of good.
Producer price index June 2022: Gain 11.3% on surge in costs
Wholesale prices shoot up near-record 11.3% in June on surge in energy costs
The producer price index, a measure of the prices received at the wholesale level, increased 11.3% from a year ago.
www.cnbc.com
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