Wholesale prices rose 8.6% from a year ago in October, their highest annual pace in records going back nearly 11 years, the Labor Department said Tuesday.
The government’s producer price index, which serves as a gauge of final demand prices from goods producers, rose 0.6% for the month, in line with Dow Jones estimates and an indicator that inflation pressures are continuing to burden the U.S. economy. The monthly pace was faster than the 0.5% increase in September.
Stripping out food, trade and energy prices, the index increased 0.4% month over month, slightly below the 0.5% estimate but an elevated pace from September’s 0.1% gain. On a year-over-year basis, core producer prices increased 6.2%. The year-over-year records go back to November 2010.
Put in food and energy prices … which are ESSENTIAL for human survival … and the increase is deep into the double digits … 40-50% increase.
6uild 6ack 6etter … by starving people.
Yes, all the Top Ramen is SOLD OUT! in my town. Everywhere, it’s GONE. Even in my upper, upper, middle class enclave. Even the well-heeled are reeling
Seems to me that the people pushing
Build Back Better
are not admitting that in Order to
Build Back
You first gottsta Tear Down.
I, however, see it.
Businesses will not be able to raise prices high enough to compensate for either Covid whiplash or the collapse in profit margins. The marginal consumer will not be able to afford it in any case. Who’s going to pay $40 for breakfast?
Long Pig.
How to serve man.
It sure as shit isn’t transitory or whatever term the Liars used in the spring.
Welcome to the 70’s only the people in government now are not much smarter than butt plugs, the edumacation system is run by The Woke Spectrum and the average city-dweller is drunk, high and already weighed down by an obscene personal debt.
Transitory – with you always.
Buddy they are calling it “inflation overshoot”. Seriously. And they generally believe that.
Need carbon? Better buy it now before the price goes up even more.
As he pushes for global carbon tax, Trudeau admits it was an uphill battle in Canada
Maybe he should try to fight a downhill battle.
I suggest a minimum of ZERO. Will that work?
Instead, we have this:
Got lots stocked.
Little over 1000 litres of diesel, few hundred of number 1 fuel oil, some propane, no-ethanol gasoline , miscellaneous used oil for the workshop burner and 9 full cords of seasoned hard wood.
Got the old ’40s gen set ready along with the others and some solar/batteries just in case.
Still cutting and stacking as much as I can on the weekends.
Wish I had more but no time….
I hope you’re able to protect your oroperty from the Progre, I mean socialists.
I lost my protection in a boating accident.
But I do have a couple of Rotters that stand on guard for thee.
They love a good ball sandwich now and then.
The kitties don’t count.
Meanwhile in Canazuela el presidente turdeau says watch me 8.6% is nothing.
How can you afford your Democrat lifestyle?
https://www.youtube.com/watch?v=ILRpRv57H0g
Well, your IPhone collection looks shiny and costly.
How much did you pay for your bad Tesla Roadster?
And how much did you spend on your black faux leather jacket?
Is it you or your parents in this income tax bracket?
Now tickets to concerts and drinking at clubs,
Sometimes for music that you haven’t even heard of.
And how much did you pay for your COP26 t-shirt
That proves you were there,
That you saw Greta first?
How do you afford your Democrat lifestyle?
How do you afford your Democrat lifestyle?
How do you afford your Democrat lifestyle?
Ah, tell me.
How much did you pay for Hunter’s newest painting,
The one he scrawled at the end of a drug hazed evening?
And how much will he pay for a brand new paintbox?
One which he’ll ruthlessly brush at the end of another bender?
And how long will the ChiCom’s keep building him new ones?
As long as their soda cans are red, red, and white ones.
And how long will the peasant workers keep building him new ones?
As long as their soda cans are red, red, and white ones.
Aging black leather and hospital bills,
Tattoo removal and dozens of pills.
Your liver pays dearly now for youthful magic moments,
But rock on completely with some brand new components.
How do you afford your Democrat lifestyle?
How do you afford your Democrat lifestyle?
How do you afford your Democrat lifestyle?
Excess ain’t rebellion.
You’re drinking what they’re selling.
Your economic self-destruction doesn’t hurt them.
Your chaos won’t convert them.
They’re so happy to rebuild it.
6uild it 6ack 6etter …
Yeah, stagflation ain’t rebellion.
You’re drinking what they’re selling.
Desperation ain’t rebellion.
You’re drinking,
You’re drinking,
You’re drinking what they’re selling
My pension has an “inflation cap” of 3%, so it is now worth 97% of what it was last year, and by next year, it will be worth about 90% of the original value, is my guess. Thanks Joe Biden! I will be paying for Biden’s policies in lost retirement income the rest of my life. But I am sure his ‘Build Back Better’ proposal will go a lot better.
Pouring money into an economy that is unable to produce much of anything is not inflationary though, so it must be Trump’s fault.