Wholesale Inflation Comes In Nearly 2X HIGHER Than "Expected."
From Greg M
Lions and friends… go ahead, make this stuff up.
Inflation at the wholesale level gained more than expected in August, countering recent data showing that price increases have tempered lately.
The producer price index, a measure of what producers get for their goods and services, increased a seasonally adjusted 0.7% in August and 1.6% on a year-over-year basis. That monthly gain was above the Dow Jones estimate for a 0.4% increase by nearly 2x.
GM
Awwww man!!!! All this means is just like you’ve been saying for the longest time Greg. Inflation is going to skyrocket. They are inflating to kill the middle class folks like me. Need to keep on stacking physical silver.
If you put food and gas into the mix it’s more in the 15-20 range