Wednesday, August 11, 2021

BIDENOMICS - WHAT DO YOU THINK YOUR CHILDREN WILL DO? - U.S. producer prices jumped much higher than expected in July, suggesting inflation could remain higher than anticipated by the Biden administration and Federal Reserve officials.

IT'S NOT HARD. THE ENTIRE REASON THE BORDERS ARE WIDE OPEN AND JOE BIDEN IS SCATTERING 'CHEAP' LABOR ILLEGALS ALL OVER AMERICA IS TO KEEP WAGES DEPRESSED. IS IT WORKING?


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Producer Price Index Shows Bidenflation Is Not Going Away

WASHINGTON, DC - AUGUST 03: U.S. President Joe Biden takes questions during an event in the East Room of the White House where he addressed the importance of people getting a COVID-19 vaccination August 3, 2021 in Washington, DC. Biden also said New York Gov. Andrew Cuomo should resign following …
Win McNamee/Getty Images
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U.S. producer prices jumped much higher than expected in July, suggesting inflation could remain higher than anticipated by the Biden administration and Federal Reserve officials.

The Bureau of Labor Statistics’ Producer Price Index rose one percent compared with June, matching the June rise and outpacing the 0.6 expected. Compared with a year ago, the index is up 7.8 percent, the biggest annual increase in decades.

Excluding food and energy, PPI rose by one percent on a monthly basis and 6.2 percent on an annual basis. Excluding food, energy, and trade services, pries rose nine-tenths of a percentage point and 6.1 percent compared with a year ago.

In other words, instead of cooling off, inflation continued to sizzle in July.

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