Breitbart: Prices charged by businesses for goods and services purchased in the U.S. rose 9.6 from a year ago in November, their highest annual pace in records going back nearly 11 years, the Labor Department said Tuesday.
The final demand goods component of the Producer Price Index rose 1.2 percent compared with October. Compared with 12-months earlier, prices are up 14.9 percent. Prices on the services side rose 0.7 percent during the month for a 7.1 percent 12-month increase.
The Producer Price Index, or PPI, measures the average movements of prices received by domestic producers for goods and services sold both in the U.S. and exported. The Consumer Price Index measures prices paid by U.S. households, excluding exports and including imports. Goods and services sold to households and businesses that are their expected end-users are known as “final demand.” more
Runaway train, we are just at the beginning of this ride. All those extra coof pounds, you just got put on a mandatory diet or be prepared to have a leaner wallet.
Bidenflation: Producer Price Index Rises by Record 9.6%, About What Was Planned
FIFY
There’s a word for this…not sure if it means what I think it means.
https://www.youtube.com/watch?v=7eSxV2WLXec
Let’s go, Brandon!
The CPI is bullshit. 9.6%? That’s it? Pray fucking tell, what stores are they shopping at???
Inflation went up over 6% in Nov. And over 5% for the 4 previous months. HowTF does that come out to 9.6%
Carlin’s Rule #1 to live is never believe ANYTHING the government tells you. If they’re telling us inflation went up over 6% in Nov, just imagine what it really is.
If you dive into what is going on with shipping costs alone, it’s a horror movie. And getting worse. Parts are getting harder to get, tires & gas are off the charts and shitholes like CA are pouring gas on the fire.
Good fucking grief.
Social Security uses the figures for CPI-W for the quarter ending in Sept to figure the increase in Social Sec Bennies for the coming year, = 5.6% this year. Then inflation gets even worse in OCT & NOV, so everybody’s getting even further behind in purchasing power. Let’s Go Brandon !
I’ve already had cashiers tell me the printed prices on items are no longer valid and they will ring up with a higher price when scanned. It’s bad.
I note that Social Security cost of living boost is less than the increase in Medicare premiums.
Fair share.