Here We Go Again...Key Inflation Metric Sees Major Spike

P

ptif219

Verified User
Seems inflation is sticking around. The recession will only get worse


https://townhall.com/tipsheet/spenc...-gauge-makes-biggest-jump-since-june-n2619643


The Producer Price Index (PPI) measures inflation upstream from consumers, and its key headline and core numbers both made their largest advances since June and March 2022, respectively, according to new data released on Thursday morning.

Per the Bureau of Labor Statistics, headline PPI inflation jumped 0.7 percent in January, bringing the annual advance to 6.0 percent. Estimates predicted that monthly headline PPI would only increase 0.4 percent, but the number released on Thursday blew past that expectation to record the largest monthly increase since last June's 0.9 percent increase.
Click to expand...
 
The threader must read the Right wing Doom and Gloom daily news letter. He posts end-of-American threads several times a day, and none of it happens. He will have a half dozen more Sunday.
 
You must log in or register to reply here.
Back
Top