Prices Soar Twice as Fast as Expected

[mystery-ak]

Prices Soar Twice as Fast as Expected

John Carney 15 Feb 2022

Prices jumped one percent in January, far more than expected, data from the Department of Labor showed Tuesday.

The Producer Price Index, which measures what businesses are paid for goods and services, rose by one percent in January, twice what economists were expecting. Compared with January of 2021, the index is up 9.7 percent, down slightly from the 9.8 percent year-over-year gain recorded for December.

Excluding food, energy, and trade services, prices rose 0.4 percent from December. They were up 6.9 percent compared with January of 2021, matching the December gain.

Economists had expected prices to rise by 0.5 percent on a monthly basis and 9.2 percent annually.

December’s inflation was revised higher. Initially reported as a 0.2 percent gain on a monthly basis and 9.7 percent annually, the Department of Labor said on Tuesday that prices in December rose 0.4 percent compared with the prior month and 9.8 percent compared with 12-months earlier.

https://www.breitbart.com/economy/2022/02/15/ppi-january/

[DefiantMassRINO]

So, the experts were wrong and stupid, again?

[mystery-ak]

Another Disastrous Inflation Report Shows Prices Set to Keep Spiking
https://townhall.com/tipsheet/spencerbrown/2022/02/15/consumer-price-index-n2603268

[LMAO]

We may be looking at several years of rising inflation. And it doesn’t help that we have an administration that believes more spending is the answer and choking off our energy supply is a good idea

[rustynail]

Good thing we got COLAs and pay raises.

[catfish1957]

All this single digit inflation stuff is bullshit.  At this exact moment we are more likely in the 15-17% range and accelerating higher.

Biden and his clown car are lying their asses off.

[catfish1957]

So, the experts were wrong and stupid, again?

Transitory....   

[cato potatoe]

The fed is still purchasing bonds after their absurd monetary expansion of 2020-21.  The economy is growing maybe half as fast as the money supply.  Not sure how prices can go anywhere but up through the medium term.

[catfish1957]

The fed is still purchasing bonds after their absurd monetary expansion of 2020-21.  The economy is growing maybe half as fast as the money supply.  Not sure how prices can go anywhere but up through the medium term.