Gets Worse: Prices Up 11.3%
Inflation Up To 11.3% In Producer Index, Near Highest On record
View Source | July 14, 2022 9:03 am
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- Day after inflation rate hits a back-breaking 9.1%, report reveals secret that what we’re paying is likely higher.
- Producer price index numbers are just another indicator that prices are wildly out of control even as the Federal Reserve moves ever more aggressively to jack up interest rates to rein in the country’s historic inflation.
- PPI gauges the wholesale prices of goods, which are eventually passed down to consumers.
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