THE BIDEN ECONOMY: Measurement of the producer price index of inflation sets a record | Top stories

THE BIDEN ECONOMY: Measurement of the producer price index of inflation sets a record

Last month, the Producer Price Index set a record. This month they broke that record. This is the highest measure of inflation in history.

Last month, the Producer Price Index (PPI) broke its largest historical increase to 9.6%.

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The IPP results for December were released yesterday, breaking last month’s record.

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According to the US Bureau of Labor Statistics:

The producer price index for final demand rose 0.2 percent in December, seasonally adjusted, the US Bureau of Labor Statistics reported today. This increase followed advances of 1.0 percent in November and 0 , 6 percent in October. (See table A). Unadjusted, final demand prices rose 9.7% in 2021, the largest increase in a calendar year since the data was first calculated in 2010.

(A person I know went to the grocery store yesterday and said last night that he thinks the price of eggs has gone up by $ 2 in the last few months. We are seeing this every day.)

The impact of rising inflation is devastating. Americans’ wages cannot be maintained and therefore their ability to save decreases and so do their expenses.

Biden’s economy is a nightmare and his team has no answers on how to turn it around.

Jewel Beaujolie

I am a fashion designer in the past and I currently write in the fields of fashion, cosmetics, body care and women in general. I am interested in family matters and everything related to maternal, child and family health.

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