Valin Posted March 15, 2022 Share Posted March 15, 2022 The Washington Examiner Zachary Halaschak, Economics Reporter March 15, 2022 Producer prices increased a blistering 10% for the year ending in February, according to a report Friday from the Bureau of Labor Statistics, the highest on record. The high in Tuesday’s producer price index report was on par with predictions by forecasters and is at its highest in the gauge's 11-year history after it rose by 9.8% in December. he producer price index gauges the wholesale prices of goods, which are eventually passed down to consumers. The news came just days after a report for the month of February found consumer prices increased by 7.9% — the fastest annual rate in four decades. *The high rate of inflation has damaged President Joe Biden politically and undercut support for his spending proposals. (Snip) _____________________________________________ * Care to place a small wager on that? Link to comment Share on other sites More sharing options...
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