Wholesale inflation unexpectedly jumps again to highest level in a year

foxbusiness ^ | 05/14/2024 | Megan Henney

[ChicagoConservative27]

Inflation at the wholesale level rose much more than expected in April, the latest sign that price pressures within the economy remain elevated and difficult to tame.

The Labor Department said Tuesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, rose 0.5% in April from the previous month. On an annual basis, prices remain up 2.2% — the highest level since April 2023.

While the monthly gain is notably higher than the 0.2% increase forecast by LSEG economists, the headline figure is in line with expectations.

[ChicagoConservative27]

Does word salad Yellen know about this???

[goodnesswins]

“Unexpectedly?”

[wiseprince]

Double the increase is inline with expectations?

[TheDon]

The wealthy are the least impacted...

[fwdude]

Drink.

[gunnut]

Clearly Trump’s fault.

[fwdude]

Energy Secretary Jennifer Granholm must be having laughing fits over this news.

[ComputerGuy]

Unexpectedly? How does one quantify inflation ahead of time?

[Fai Mao]

And the Stock market is only up bythe approximate amount of inflation in real terms

[Nervous Tick]

[Vision]

price pressures within the economy remain elevated and difficult to tame.

Or, a traitorous Fed won't continue to do the obvious thing and raise interest rates enough to stop the inflation.

[MeneMeneTekelUpharsin]

It’s higher than that. Liars.

[DeplorablePaul]

The term “unexpectedly” is used often when bad economic news for Democrats is released. Beelzebub Biden’s gas lighting on the economy is falling on deaf ears.

[PGalt]

INFLATION without repre$entation

[bantam]

“Double the increase is inline with expectations?”
__________________________________________
IKR?!!
I guess that means that everything’s alright, DO NOT WORRY PEOPLE, you only have to eat, fuel up your car/home, and pay your bills.
ALL good, we’re in line with expectations!

what moroons!

[GOPJ]

Didn’t Biden say not to worry about higher food prices because the people still have ‘money to spend’?

[dfwgator]

*Drink*

[Chad C. Mulligan]

Price levels are not inflation. Inflation is an expansion of the money supply beyond any increase in productivity. Prices are only a symptom of inflation. Grrrrr.

[j.havenfarm]

I’ll don’t know. I’ll place a call to Hobbiton and let you know what she says

[Uncle Miltie]

“inflation at the wholesale level before it reaches consumers, rose 0.5% in April from the previous month.”

Multiply that monthly increase of 0.5% by 12 months and you get a solid 6.0% annual inflation rate at the current speed.

That’s pretty huge.