Job Creators Network: Elevated Producer Price Index Creating Relentless Small Businesses Pain, a Result of Biden’s EconomyBreitbart News 13 Apr 2023
The Job Creators Network is hammering the Joe Biden administration over Thursday’s producer price index, which rose by 2.7 percent and core PPI, which rose by 3.6 percent.
“Persistently rising wholesale prices hurt small businesses, which tend to operate on tiny profit margins that inflation erodes. This ongoing inflation that’s creating so much pain among small businesses is a direct result of the Biden administration and Congressional Democrats’ reckless spending that has diluted the currency,” said Alfredo Ortiz, president and CEO of Job Creators Network.
“While the mainstream media will promote this month’s reduction in PPI, they will ignore how inflation under Biden’s presidency is approximately 15%. For small businesses that can’t raise their prices, they are one-sixth poorer today than when Biden took office.”
As Breitbart News economics editor John Carney noted on Thursday, “Compared with a year ago, the producer price index is up 2.7 percent, a big drop from the 4.9 percent in the prior month.”
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https://www.breitbart.com/politics/2023/04/13/job-creators-network-elevated-producer-price-index-creating-relentless-small-businesses-pain-a-result-of-bidens-economy/
