Granted it just may be apples and oranges, yet there is a disturbing similarity:
Posted on 04/10/2021 1:16:33 PM PDT by Roman_War_Criminal
U.S. producers are facing sharply higher input costs as prices surge on everything from oil to transportation.
The Labor Department’s producer-price index rose 1% in March from a month earlier, double the rate reported in February as well as double the rate of increase economists had anticipated for March. From a year earlier, wholesale prices jumped 4.2%. That’s versus a 2.8% rate in February and versus the 3.8% gain economists projected.
Excluding the effects of food and energy, so-called core inflation rose a much higher-than-expected 0.7% month-over-month and 3.1% year-over-year. The figures follow a hotter-than-anticipated PPI report from China on Thursday night, showing price increases are happening globally.
The data were released 25 minutes after their scheduled release at 8:30 a.m. Eastern time amid a website outage. Stocks were mixed in the opening hour of trade. The Dow Jones Industrial Average was up 0.2% at 33652, and the S&P 500 ws up 0.1% at 4098. The Nasdaq Composite was down 0.2% at 13794.
(Excerpt) Read more at barrons.com ...
All that free, fiat money from the government presses has a expensive cost after all.
I checked the price of the Maytag washer we bought last year for $500 and it is $750 now.
Something major is going on.
Blueberries & Strawberries at Costco are up over 40% since January in my area.
Debate is heating up just another democrat calling card.
You ain’t seen inflation yet, just wait.......
I look back on the Carter administration with 20/20 vision. The prime rate hit 20% and the rate of inflation hit 20%.
Just a side bar: The big investment banks like inflation. It means they get more dollars on their investments. They don't worry about purchasing value, just the volume.
Corn @ Anderson’s Greenville Ohio Apr 5.8975 May 5.9775
Inflation has been shooting up for sometime in reality. It does not matter what they say. You can see it most everywhere. Building supply’s are up as much as 400 percent.
Gasoline up and holding at $1.10 per gallon higher. Now packaging in the local grocery store went from 14 ounces to 12 ounces.
Yep, inflation is already noticeable to those of us who patronize grocery stores (and who doesn’t?).I go once or twice a week, and prices seem to’ve edged up a bit every time, without fail. It’s become quite obvious.
“...[non-energy, non-food, “core” inflation] is much higher-than-expected 0.7% month-over-month”
If every month’s inflation is 0.7%, that is an annualized rate of 8.7%. I’m seeing lots of prices that are almost double what they were a year ago. I think 9% is WAY too low.
Real estate prices in Coeur d’Alene, Idaho are up over 80% from a year ago as people flee sh!thole states.
The ONLY way to even attempt to pretend to pay off the astronomical federal debt is via inflation. We are so screwed. Life’s saving will be going “POOF” real soon.
Dems are in office so no one should be surprised. OSB precovid $9/sht -- currently $39.
Tillimook Ice Cream changed the size of their containers a few months ago from 1/2 gallon(2 qts) to 1.5 qts. Same price. Dryers ice cream did it a few years ago.
You cannot pump fiat money into an economy in huge quantities and expect anything less.
“Blueberries & Strawberries at Costco are up over 40% since January in my area.”
The $3.99 bag of oranges I bought at Lidl last week cost me $1.99 today.
Granted it just may be apples and oranges, yet there is a disturbing similarity:
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