Posted on 07/14/2022 5:39:01 AM PDT by PapaBear3625
PRODUCER PRICE INDEXES - JUNE 2022
The Producer Price Index for final demand increased 1.1 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.9 percent in May and 0.4 percent in April. (See table A.) On an unadjusted basis, final demand prices moved up 11.3 percent for the 12 months ended in June, the largest increase since a record 11.6-percent jump in March 2022.
In June, three-fourths of the advance in the index for final demand was due to a 2.4-percent rise in prices for final demand goods. The index for final demand services increased 0.4 percent.
Prices for final demand less foods, energy, and trade services moved up 0.3 percent in June after advancing 0.4 percent in both May and April. For the 12 months ended in June, the index for final demand less foods, energy, and trade services rose 6.4 percent.
(Excerpt) Read more at bls.gov ...
CPI excludes energy and food. PPI includes.
Good grief, what a mess!
Some highlights:
Most of the broad-based
increase in June can be traced to a 9.9-percent rise in prices for processed energy goods.
Product detail: Forty percent of the June increase in the index for processed goods for intermediate
demand can be attributed to a 13.9-percent rise in prices for diesel fuel.
Product detail: Nearly 60 percent of the June increase in prices for unprocessed goods for intermediate demand can be traced to the index for natural gas, which jumped 24.3 percent.
3% results from January 6.
3% results from Republican obstruction.
3% results from Putin.
The remaining 2.3% results from Trump.
I’m getting really concerned about water - hasn’t rained here in NE PA for about 2 weeks, not much in the forecast. Everything’s bone dry.
Not good for farms, wild animals, etc.
Going to start to restock my own personal water stash, but it takes up a lot of space.
Some highlights explanations:
1. processed energy goods - Brandon
2. diesel fuel - Brandon
3. natural gas - Brandon
Not to worry, fellow FRiends. This is just a bit of discomfort during the transition. Your normal lifestyle will resume shortly.
That means cpi will continue up.
Two WEEKS? In California, we measure water shortfalls in DECADES.
Mother Government will either smoke us out or starve us out.
What really surprises me is that they’re not blasting a Slim Whitman playlist at us from every bell tower across the land, 24/7!
(Or maybe that CD of ‘0bama’s Greatest Speeches?’) *SNORT*
11.3% is b.s. Gas by me on Jan 22nd 2021 was $2.15/gal. It's still anywhere from $5.55/gal to $5.89/gal where I live.
Calculating for the rate of inflation between 1/22/2021 and this morning, 7/14/2022 the inflation rate for gas alone under the Biden Regime of Terror is 174%.
Calculation for gas inflation: =SUM((5.89-2.15)/2.15)*100
For diesel, it's worse: 177%.
That PPI is WAAAAAAAAAAY off.
Would that be my normal lifestyle, or my new normal lifestyle?
What a joke. Everyone knows it’s WAY higher. According to my online Walmart account, grocery prices have spiked more than 40%. Just a few examples comparing last July to today: Boneless chicken breasts $1.98 lb. to $3.22.
Lettuce $1.18 to $1.68
Chunky soup $1.52 to $2.23
50 lb. dog food $20.48 to $26.48
Gallon milk $2.65 to $3.44
Dozen eggs $.92 to $1.77
It’s a national average. They get to offset prices in thr big cities and states with the cost in Whyoming or Montana.
Wyoming
That’s what I’m worried about. Seems like there are droughts in farmlands all across the nation. We’ve been spared up ‘til now.
When I was in Omaha right before I retired, diesel was $2.05 a gallon. Today, $5.60.
Unless my math is wrong, that’s a 275% increase.
And prices never go down. They may eventually flatten where they rise to but they never go down. Fuel, maybe, but not until these morons are gone and then it will take a long time to get production back up. A very long time, like years.
THIRTYFIVE PERCENT in one year. Better start stocking up on that dog food.
| Item | Jul-21 | Jul-22 | % Change |
|---|---|---|---|
| Boneless chicken breasts | 1.98 | 3.22 | +63% |
| Lettuce | 1.18 | 1.68 | +42% |
| Chunky soup | 1.52 | 2.23 | +47% |
| 50 lb. dog food | 20.48 | 26.48 | +29% |
| Gallon milk | 2.65 | 3.44 | +30% |
| Dozen eggs | 0.92 | 1.77 | +92% |
| Total | 28.73 | 38.82 | +35% |
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